Diterjemahkan otomatis dari aslinya · Baca versi asli (English)
Masih banyak proyek yang menggembar-gemborkan APY tinggi yang sebagian besar berasal dari emisi token yang terinflasi. Apa metrik andalan Anda untuk mengidentifikasi imbal hasil riil sejati dalam protokol DeFi? Selain hanya melihat emisi token tata kelola, bagaimana Anda memodelkan keberlanjutan sumber imbal hasil?
For me, it's about diving into the tokenomics. What's the unlock schedule? What's the utility beyond just governance? A high APY from token emissions can be fine for short-term farming, but for 'true' real yield, you need to see some product-market fit driving demand for the underlying asset, not just the farm token.
Totally agree. It's so easy to get caught up in those flashy APYs, but the real challenge is figuring out what's sustainable. I've been focusing on protocols with clear revenue streams from actual usage, like lending fees or swap fees, rather than just emissions.
Traderforum · Bahasa Indonesia