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Weekly Staking and Yield Farming Review — 25th November 2021
Weekly Staking and Yield Farming Review
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The words on the lips of anyone with an interest in DeFi is, regulation. The country leading the charge is of course the US. Some DeFi projects such as 1Inch and Harvest have already restricted US investors from using their platform, more are bound to follow. The US’s SEC considers lending a regulated activity involving the transfer of securities. Many in the industry such as Coinbase disagree with this view however they are powerless to do anything about it unless they want to take on the SEC in court which is not going to happen. Someone will at some point be forced to make a stand which will finally clarify this contentious point but in the meantime investors should be on notice that these platforms are on borrowed time in their current form.
The platforms that choose to continue targeting US investors without engaging with regulators are not the kind of platforms which a sensible investor should be investing in. Investors should look for…