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Mercenary Capital in Liquidity Mining: How Short-Term Investors Shape DeFi

Mercenary Capital in Liquidity Mining: How Short-Term Investors Shape DeFi
  • Dimerson White
  • Dimerson White

1/03
10

Mercenary capital in liquidity mining drives short-term DeFi growth but creates instability. Investors chase high APYs, dump tokens, and leave-hurting protocols and users alike. New models like token lockups and protocol-owned liquidity are trying to fix it.

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