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Token Economics
Entry #0859
Why a rate that pays only in the token is not a yield
A reward denominated in the same volatile token conflates appreciation with income, hiding the fact that the "yield" can lose value faster than it accumulates.
Adept
The hidden part
#0859
Thirty percent more of a token that lost fifty percent is not a gain — it is a loss wearing a yield costume. The number goes up; the value goes down.