After Ethereum DeFi Gains 100%+, Vitalik Says Yield Farming Isn’t Sustainable

The biggest crypto narrative of the past few months has been the growth of Ethereum’s “decentralized finance” (DeFi). Tokens pertaining to this segment of the cryptocurrency market have surged literally hundreds of percent. Chainlink (LINK), for instance, is up by around 400% from the March capitulation lows. Other tokens are also up hundreds of percent from their 2020 lows. Although some think that the growth in this market is sustainable, Vitalik Buterin thinks it may not be. Buterin is the Russian-Canadian founder of the Ethereum blockchain. Ethereum DeFi Isn’t Sustainable, Claims Vitalik Buterin By many measures, DeFi is exploding. Tokens pertaining to this sector have gone parabolic; Simultaneously, the amount of value in and the number of users of DeFi platforms have surged. Yet according to Vitalik Buterin, the founder of Ethereum, certain aspects of DeFi’s growth may be unsustainable for now. He explained his sentiment in an interview with…

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