The Crops Utilities a Homework for DeFi Farming

Fajar Purnama
8 min readNov 13, 2020

If even famous crypto Youtubers said “what is this yield farming craziness? it is just putting your tokens and get a new token with fancy food names, the only reason they have value is because people speculates into them and when it ends then it will go back down”, then what would regular people who even still doubts the future of Bitcoin thinks? This is a homework for everyone in DeFi farming if we want crops with sustainable value in the future. For those of you who are new to DeFi or yield farming, let us return to few prerequisite information before diving into the discussion.

Does The Current DeFi Guarantees Full Ownership?

The answer is does not but may still guarantees more than Centralized Finance and/or Custodians. The difference between centralized finance and decentralized finance is to whom we trust our assets to. In traditional centralized finance, we trust them to a single party where we let them hold our assets and the reason trust is important because they are able to do anything with our assets including stealing them. In the current decentralized finance, we trust our assets to a smart contract which contains a series of codes that executes the agreement automatically where nobody nor the creator of the contract nor the recepient can violate which is why many believed to be non-custodial…

--

--

Fajar Purnama
Fajar Purnama

Written by Fajar Purnama

this blog contains all my articles licensed under creative commons attribution customized sharealike (cc-by-sa) where you can sell but mention the open one here

No responses yet