Around the Block #7: Understanding yield farming and the latest developments in DeFi

1 · Coinbase · July 24, 2020, 7:40 p.m.
Coinbase Around the Block, sheds light on key issues in the crypto space. In this edition, Justin Mart explores the rapidly evolving DeFi landscape and the emergence of “yield farming”, as well as other notable news in the space.DeFi and the Yield Farming PhenomenonDeFi protocols exploded in all metrics over the last month, passing $3B in Total Value Locked (TVL), triggered by the launch of the Compound governance token ($COMP) and subsequent “yield farming.”What is Yield Farming?Most crypto pro...