SLP335 Don Stuart - Venture Capital and Bitcoin
Stephan Livera Podcast
00:00
Defy Is a Perfect Example of That, I Think
Last summer yields on a bunch of these different defi protocols were in the thousands of % a p y. People didn't realize that, you know, the more tokens that are rewarded to them just means that the tokens they have now are worth less than overall supplyes. So i think when people start stopped getting as excited about some of those protocols, they kind of moved on. Then they over to nfts, we kind of saw the same thing there, and pretty soon they'll jump to the next thing,. But, ye, i think it's simply a function of of all the money washing around in the system.
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