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DeFi: The Dangerous Game of Governance Tokens

DeFi: The dangerous game of governance tokens

The last few months have generated an explosion of discussion in the crypto world about governance tokens and so-called ‘yield farming’. There’s lots of chatter around incentive structures for the variety of actors in the field. In particular, the DeFi community has settled on a rather unusual consensus about the balance between arbitrageurs, liquidity and …

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