Today on the Brief:
- US Gov’t forces China’s Houston consulate to close
- US previously-owned housing market grows 20.7% May to June
- Insider stock selling reaches record levels
Our main discussion: DeFi 101
Today’s episode of The Breakdown is a primer for anyone who has lost track of the terminology surrounding decentralized finance. In it, NLW goes over:
- DeFi’s background and origins
- Market making in a traditional context
- Automated market making
- How liquidity mining incentives economic participation
- How decentralized exchanges differ from centralized exchanges
- What “yield farming” actually means
- Why we shouldn’t be concerned about the Yield Farming bubble
