A look at Frankenstein code and copycat projects in the era of yield farming

August was a mind-numbing month for many following the cryptocurrency space. With yield farming mania in full swing, new projects seemingly popped up every minute in an attempt to capture a share of all the money flowing around.

The trend has drawn comparisons to the ICO boom in 2017. But unlike the many ICO projects, yield farming projects typically do not raise money. Instead, these projects attempt to bootstrap liquidity by rewarding liquidity providers with their native tokens.