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A comment on Decentralized Finance: On Blockchain- and Smart Contract-Based Financial Markets. Parent comment

Re:Decentralized Finance: On Blockchain- and Smart Contract-... by throwaway1777 on Monday February 08, 2021 @08:43PM (#26072836)
That already exists in the form of yield farming.
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Re:Decentralized Finance: On Blockchain- and Smart Contract-... by blhack on Monday February 08, 2021 @08:45PM (#26072847)
Not as a frontend for traditional financial instruments as far as I know. Yield farming just trades other crypto asset, doesn't it?
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Re:Decentralized Finance: On Blockchain- and Smart Contract-... by robkop on Tuesday February 09, 2021 @12:29AM (#26074223)
Depends, there's some more complex formats defi systems out there now. Synthetix for example allows you to buy SNX tokens and then yeild farm on these against a B-Book which is filled with synth tokens (the synth tokens are derivatives of real assets e.g. sUSD, sAUD, sXAU, sFTSE) so you can trade against real financial instruments.

You can take a look at their litepaper [1] if you want to know more.

[1]: https://docs.synthetix.io/litepaper

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