New narrative: What is “Real Yield Defi”?
Real yield is the yield earned by the creation of real protocol income, like as trading fees. Token holders on the system may earn a portion of this yield, similar to dividend stock. In the narrative of decentralized finance, real yield would be the third evolution of Defi, or Defi 3.0.
Thus, betting on a “real yield” protocol means relying on its ability to maintain its user base and transaction volume, its value, in short,...
