I guess it ultimately boils down to a question of what the real "time value of money" is.
All these great yields are expressed in unit terms, so if you have 20% more units at the end of the year, but the base asset declined 20% in value per unit you actually have a negative return.
A 20% ROI is rarely a thing, except with extremely high risk to your principal. The whole "Yeah but this is DIFFERENT, because it's CRYPTO!" argument only goes so far... it's not that different.
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I understand that argument, if im offering you 20% APR but my inflation is growing 100% a year, in the end, its just numbers, you're getting 20% of the units not accounting for the expansion.
You have a point there, lol because crypto math doesn't apply, I've seen that argument a lot that code trumps economics and im like that doesn't make any sense. Between all the cheerleading you don't get much solid arguments here, so im yet to be convinced
"Crypto math." I like that... I may simply be too old fashioned in my thinking, but I hear some of the explanations and reasoning and the term "vaporware" keeps dancing through my head.
Seems like in so many cases, crypto/blockchain projects come across mostly as "a solution in search of a problem."
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I share your sentiments, a lot of it is we made it because we can LOl