Economic Activity on EOS Not Sustainable, Yield+ Program Fails to Deliver
Despite increasing efforts by the Yield+ team, economic activity on EOS remains unsustainable according to a recent report from Yield+. The program was created with hopes of incentivizing DeFi dApps but unfortunately has failed so far due to high transaction fees and low liquidity among other issues.
Dec. 24, 2022 10:24PM
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A graph showing a downward trend in economic activity despite increasing efforts by Yield+.
Despite the efforts of the Yield+ team, economic activity on EOS has been growing steadily but is not sustainable. The program was created to incentivize DeFi dApps that increase TVL and generate yield, however it appears that these initiatives have failed to deliver. The latest report from Yield+ shows that the program has not been successful in achieving its goals. The report states that despite a steady growth in economic activity on EOS, there are still significant challenges for developers when it comes to creating and deploying new dApps. Additionally, many of the existing dApps are struggling to remain profitable due to high transaction fees and low liquidity. Furthermore, the report also highlights how difficult it is for developers to access capital for their projects as well as find investors willing to take a risk on their projects. This lack of access to capital has led many developers to abandon their projects or turn them into unprofitable ventures. Despite all this, some experts believe that with more time and effort put into developing better solutions for DeFi dApps on EOS, economic activity could become more sustainable in the future. However, until then it appears that Yield+’s efforts have failed and economic activity will remain unsustainable.