Yield farming is a Ponzi scheme according to crypto tycoon... and nobody cares.

It gives me strong vibes of pre-2008 Finance Industry. Not the systemic risk part. But the "we're very much aware we're doing kind of evil, but hey as long as the 💰 flows..." mentality. The mindset also seems quite present in the NFT space.

From the article:

"You might think that the head of a major crypto trading platform saying the quiet part out loud, admitting on a popular podcast that he’s at least partly in the Ponzi business, could cause some kind of crisis or loss of confidence in the sector. Not so. This suggests that people don’t really care whether they’re putting money in a box that does nothing, as long as they think they will be among the group that pulls out more money later on."