How Yield Farming on Curve Is Quietly Conquering DeFi

How Yield Farming on Curve Is Quietly Conquering DeFi
Decentralized finance (DeFi) platforms and their associated yields have earned a unique reputation across traditional finance and even the broader crypto market as risky, unsustainable and even Ponzi-esque. Where does the yield come from and how is it 100 times higher than the rates offered from bonds, certificate of deposits or savings accounts?A handful of protocols essentially created peer-to-peer lending, trading and insurance protocols that remove a middleman like a bank, exchange or insurance company and allow smaller users to take their place. Here are some examples at a very basic level:Uniswap and Curve allow any user to create a…