Olympus DAO Development: Filling the Gaps in DeFi 1.0
DeFi 1.0 was based on liquidity mining. Simply put, liquidity mining is a mechanism where platforms reward users with their own native token in return for depositing resources that some other user may trade or borrow.

The issue is that these protocols are diluting their token supply in return for capital contributions, which are usually impermanent. So what happens is that individuals come in, commit their resources to the protocol, reap its benefits, and then withdraw both their resources and their rewards, dumping the native token in the market.

Regardless, despite the length, liquidity mining is a risky strategy to employ in DeFi. It waters down the supply of a project and draws money from mercenary users.

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