DeFi protocols' revenues

Quick Take

  • Many DeFi protocols are generating revenue successfully.
  • Most of the revenue still goes to the protocols’ supply-side, although with new initiatives such as liquidity mining, this share is starting to decline.
  • All protocols except Balancer had record monthly revenues in the first two months of 2020.
The still relatively young DeFi sector is certainly attractive to investors because it can generate revenue in a permissionless way while keeping the operating costs very low.  The vast majority of revenue is still distributed to the supply-side, like lenders or liquidity providers. In the same vein, centralized exchanges incentivize market makers with reduced fees […]

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