The co-founder of the cryptocurrency Tezos explains why DeFi yield farming is doomed to fail – and breaks down the role she thinks digital assets will play in society moving forward

• Tezos co-founder Kathleen Breitman isn’t a fan of DeFi yield farming.
• In an interview with Insider, she said it will “age like milk.”
• Breitman also shared her thoughts on the role digital assets will play going forward.

Proponents of Ethereum-based decentralized finance (DeFi) often list the attractive yields users can rake in by lending out their cryptocurrencies as one of its selling points.

Compared to the outlook for returns currently available in many areas of traditional finance, DeFi offers investors an opportunity for meaningful yield, even if that yield comes in the form of the same hyper-volatile cryptocurrency users lend out. Yield farming protocols to automatically identify where the best opportunities are in the space on any given day have gained more popularity recently.