Andre Cronje believes that DeFi does not need a new narrative or a 'shiny new toy' to work
Andre Cronje believes that DeFi does not need a new narrative or a “shiny new toy” to work
A similar sentiment was echoed by prominent Web3 developer Andre Cronje, who said he does not believe that high yields are “long gone” and that DeFi is seeing almost “zero growth.”At present, the real yields for ETH, USDT, DAI, and USDC are relatively higher than in 2020, even amidst a rather inactive market following a brutal year. Typically, real yields offered by DeFi protocols are from the lending market and trading fees. Investors who resorted to shorting had offloaded their tokens.
Drawing a comparison to the dot com bubble, the developer said the period did not destroy the internet and requires a next narrative.
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