Farming rewards are incentives for token holders to keep them in a liquidity pool that functions as a decentralized exchange.
What these pools are is inroads of capital from the rest of the crypto space to Leo and Hive.
What's the long term utility of these cryptos? Shouldn't each blockchain be pushing to be something that brings traffic to their 'something unique' instead of just enticing hopers and dreamers chasing hyperbolic and unsustainable returns...
The crypto space was an archipelago of unconnected islands for the longest time. That severely limited the combined network effect of the space.
Network effect is key. Have you heard of Metcalfe's Law? The value of a communication network is proportional to the square of the number of nodes in it. But that requires connections between the nodes. Blockchain interoperability is precisely about building the connections.
on an opposing blockchain?
Opposing?
"Cross chain" gets used like both platforms win but really it's clearly not. One ends up superior and the other(s) just a crab on their nuts.
That line of thinking is incredibly myopic and harmful. The entire notion of competition between different blockchains - all within a tiny speck of a space compared to the wider world of finance - is a pathetically myopic one. Blockchain interoperability is like international trade. The world would be vastly poorer without it.
You couldn't be more wrong.
Farming rewards are incentives for token holders to keep them in a liquidity pool that functions as a decentralized exchange.
What these pools are is inroads of capital from the rest of the crypto space to Leo and Hive.
The crypto space was an archipelago of unconnected islands for the longest time. That severely limited the combined network effect of the space.
Network effect is key. Have you heard of Metcalfe's Law? The value of a communication network is proportional to the square of the number of nodes in it. But that requires connections between the nodes. Blockchain interoperability is precisely about building the connections.
Opposing?
That line of thinking is incredibly myopic and harmful. The entire notion of competition between different blockchains - all within a tiny speck of a space compared to the wider world of finance - is a pathetically myopic one. Blockchain interoperability is like international trade. The world would be vastly poorer without it.
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