Beyond Incentives: How to Build Durable DeFi

DeFi is getting a boost from the emergence of a host of new blockchains such as BeraChain, TON, Plume, Sonic and many others. Each new chain brings with it a flood of incentives, enticing users with yields that echo the early days of yield farming in 2021.But is any of this sustainable? As every new blockchain fights to build momentum, they inevitably confront the same dilemma: how to build sustainable ecosystems that survive beyond the end of their incentive programs.Incentives remain one of crypto's most powerful bootstrapping tools — an elegant solution to the cold-start problem of attracting users and liquidity source: https://www.coindesk.com/opinion/2025/04/22/beyond-incentives-how-to-build-durable-defi