LAS VEGAS--(BUSINESS WIRE)--Juliun Brabon, CEO of Unifi Protocol, has published a critical article on the current state of the crypto industry, with the title “APR is Dead.”
[What follows are excerpts from that article.]
Not only does no one want APR, APY or Yield, those terms only serve to ostracize the greater blockchain community. Public sentiment surrounding the blockchain sector's inability to use the term APR has all but ruined market appetite for it.
Year to date we have seen the complete collapse of user confidence in the DeFi space. Users are utterly disinterested in a dead fad that resulted in one of the greatest losses by a single industry. The ultimate dissolution of several unsustainable multi-billion dollar companies was the inevitable result of the mass hysteria around these terms.
Looking further, the DeFi market as a whole is decimated. What remains only further demonstrates the complete public disinterest in APR. According to Defi Llama, less than 9% of the entire...
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