Web3 yield farming is basically Silicon-Valley/Uber/Moviepass style highly-subsidized-usage growth hacking, except it subsidizes users through newly issued equity instead of discounts paid out of VC's pockets. It's as if, instead of Moviepass charging you $10 to watch $30 of movies each month, you paid $30 to watch $30 of movies, but every month Moviepass prints $20 of Moviepass stock and give it to you. You're free to sell the stock, so in the end you still pay $10 for $30 of movies.
Yield Farming as Growth Hacking
Yield Farming as Growth Hacking
Yield Farming as Growth Hacking
Web3 yield farming is basically Silicon-Valley/Uber/Moviepass style highly-subsidized-usage growth hacking, except it subsidizes users through newly issued equity instead of discounts paid out of VC's pockets. It's as if, instead of Moviepass charging you $10 to watch $30 of movies each month, you paid $30 to watch $30 of movies, but every month Moviepass prints $20 of Moviepass stock and give it to you. You're free to sell the stock, so in the end you still pay $10 for $30 of movies.