kyletorpey on Nostr: I think you saying STRC and DeFi yield farming are the same is like someone saying ...

I think you saying STRC and DeFi yield farming are the same is like someone saying bitcoin and XRP (or insert whatever shitcoin you like) are the same. Maybe that helps clarify why the differences are important, despite the similarity of offering yield.

I don't remember any systems similar to STRC in DeFi. IIRC, most of the yield came from financial services (e.g. lending, providing liquidity, trading) where fees could be charged. They would then amplify the yield by printing useless tokens and throwing in those as extra rewards on top. It all collapsed because of a combination of those useless tokens eventually going to zero with people also losing a lot of money due to underestimating the risks (such as impermanent loss) associated with the high yields they were getting.