It’s hard to believe that decentralised finance – now central to the world of blockchain – only emerged two years ago.
At the beginning of 2019, the TVL of lending platforms (mainly MakerDAO) was $270 million. This momentum continued in 2020 as well, to the point where Compound launched its governance token, COMP which kicked off the craze and initiated the first call for liquidity mining.
By November 2021, the TVL of DeFi jumped 990x, reaching $269 billion. Some of the most significant…
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