The next wave of DeFi yield farming won’t be about higher APYs—it will be about purposeful distribution.
The old narrative was simple: pump incentives, attract liquidity, hope it stays. That broke because it treated human behavior as predictable and capital as loyal.
Modern yield farming recognizes two truths:
Liquidity is transient.
Strong incentive design is structural.
The shift you must internalize is not more rewards—it’s reward quality that sustains participation and ecosystem health.