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How should investors value DeFi projects? A new paper might have some answers

Why is such an equation important? At first blush, liquidity mining is simple enough to explain: in exchange for providing liquidity to automated market makers like Uniswap, users are rewarded with trading fees or governance tokens, often denominated in APY percentages.

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Source: Cryptocurrency - investing.com

DeFi projects without decentralized governance? What's the point?

DeFi boom and Bitcoin rally position NEXO to close 2020 with a 480% gain