Ultimately, DeFi is going to make a huge impact on the financial system. That said, the insanity of yield farming will dissipate over time. We will get into more realistic returns which will still be elevated as compared to the existing financial system which offers basically nothing.
Just like all in this industry, we have to go through the crazy phases to reach the legitimate times.
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I think people are underestimating the impact DeFi will have.
Centralized exchanges? Gone.
Banks? Gone.
Centralized lenders? Gone.
It will take time to reach those milestones, but they will come. Everything you own is financed, either directly or through opportunity cost. By putting finance in the hands of everyone, it completes the crytpocurrency puzzle.
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