Polygon CEO: DeFi must ditch hype for sustainable liquidity

Polygon Labs CEO Marc Boiron called for a fundamental shift in how decentralized finance (DeFi) protocols manage liquidity, labeling the sector’s ongoing liquidity crisis as “self-inflicted. ” In an exclusive interview, Boiron outlined Polygon’s vision for sustainable DeFi, emphasizing chain-owned liquidity and transparent economic models as the path forward. Boiron criticized DeFi protocols for fueling a cycle of “mercenary capital” by offering sky-high annual percentage yields (APYs) through token emissions. “It’s just renting liquidity; it’s not real loyalty,” he told Cointelegraph, noting that such strategies lead to fleeting liquidity that vanishes when yields drop or token prices falter source: https://cointelegraph.com/news/polygon-ceo-calls-for-sustainable-defi-over-hype-driven-liquidity?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound