The decentralized finance (defi) space is headed for an implosion unless the divided community leaders step forward with solutions. This is discernible from September 13 Sunday morning tweets by some influential players in the defi space wherein they attack each other. Waves blockchain creator Sasha Ivanov kicked things after depicting current defi ecosystem as Ponzi 2.0 and not the much talked about finance 2.0.
Sam Bankman-Fried (SBF), the current leader of Sushiswap, expresses fears that yield farming food tokens are in fact propagating the decentralized finance (defi) bubble, while the Yearn Finance creator, Andre Cronje believes liquidity fragmentation to be one of the contributing factors to challenges facing defi.
The sentiments reflect the general acknowledgement and concern about the growth as well as the fate of defi. Still, the defi community— which Cronje once labelled toxic— seems to be dominated by individuals fixated with personal agendas This was on display on when Ivanov attacked the idea of the automated…