1. Genesis was not a yield-farming company, but a centralized lender. "Yield farming" refers the use of smartcontracts that generate yield [A]. Furthermore, yi

1. Genesis was not a yield-farming company, but a centralized lender. "Yield farming" refers the use of smartcontracts that generate yield [A]. Furthermore, yield farming is not inherently Ponzi. For example, there are overcollateralized lending protocols like Compound and Aave that allow you to put crypto in a smartcontract in return for a yield, usually < 3%. The returns come from a cut of the loan interest, where the loans are liquidated if the collateralization ratio gets too high. I know, everyone rolls their eyes about the distinction, since they're all "Ponzis" (a term itself used imprecisely), but if you're going to make a comment specifically intended to fill in vital context, you should be more careful with the facts than a general opinion post. [A] https://decrypt.co/resources/what-is-yield-farming-beginners-guide https://decrypt.co/resources/what-is-yield-farming-beginners...