Curve founder says DeFi must ditch token emissions for real revenue

Curve founder Michael Egorov told Cointelegraph that protocols cannot “live without real revenues flowing” as token incentives lose power to attract liquidity.

Decentralized finance (DeFi) can no longer rely on inflationary token incentives to sustain growth, according to Curve Finance founder Michael Egorov. 

In an interview with Cointelegraph, Egorov said protocols must generate real revenue rather than depend on emissions to attract liquidity.

“Your yield should come from revenues, not from tokens,” Egorov told Cointelegraph. “You need real revenues flowing.” He added that if a token “is not doing something, maybe it’s better for you to not do token at all.”

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