The projects lend themselves to fairly rigorous analysis methods, as they will often have well-defined revenues and expenses. But the rise of liquidity mining, or yield farming, is throwing the metrics off balance in some ways. Protocols reward their users with their own governance tokens, essentially as a payment for using the platform. A frenzied movement to maximize the yield for these tokens distorted the prevailing DeFi success metric, the Total Value Locked, or TVL.
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Source: Cryptocurrency - investing.com
