Understanding AAVE, the Dark Horse of DeFi in 2020

The liquidity mining boom in the second half of this year triggered irrational exuberance in the crypto market, causing Token prices of many DeFi projects to skyrocket tens or hundreds of times in a short period. Radishes, cucumbers, pasta, salmon, pickles, pork chops, dumplings... New "copycat" projects seem to launch almost every day. At one point, it seemed that crop and recipe names were running out, and the DeFi bubble grew bigger and bigger. Only when the tide goes out will we know who has been swimming naked.