DeFi and Real Yield: Can Smart Contracts Deliver Sustainable Income?

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2025-08-05 07:26:51 -

Introduction Decentralized Finance (DeFi) has gone through multiple phases since its explosive growth in 2020. The initial wave was driven by high Annual Percentage Yields (APYs) that were often unsustainable, relying heavily on token incentives and liquidity mining schemes that eventually collapsed under selling pressure. In 2025, the conversation has shifted toward real yield—returns...

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