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1/14 Since many people have forgotten about @DMMDAO, quick reminder and my thoughts/reason I'm bullish on it:
DeFi right now is still only focused on crypto-native assets. We have lending/borrowing, liquididity providing and margin trading only mainly of crypto-assets.
DeFi right now is still only focused on crypto-native assets. We have lending/borrowing, liquididity providing and margin trading only mainly of crypto-assets.
2/14 hile a handful of these Defi projects are innovative/have substance, a lot of them are quite simple copies of the same concept and we are still limiting the space by not opening up to traditional finance, it's liquidity and assets. A handful of DeFi projects simply only have
3/14 value because of an euphoria rush created by the leading DeFi's, but have severly inflated marketcaps due to governance tokens on promised and projected potential revenue streams. A slight pullback of that demand brings APY's and marketcaps back down rather quickly
