DeFi tokens are having a rough month after record performance
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Posted On September 21, 2020
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- FTX’s DeFi index has dropped by 44% since Sept 1 and is currently sitting at a 50-day low
- New useless projects that kept popping up likely exhausted the demand and diluted interest
- Yields have been collapsing in recent days as market buyers are no longer as willing subsidize rewards
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