Thread by @Subli_Defi

1/ TL;DR of today live with my 2cts about Macro narratives of #DeFi and my take on what would be the narratives for End 2022 & 2023.

Big news at the end for those who couldn't make it.
👇

2/ 2020/2021 were the years of ICO & DEX. People got rich, liquidity mining + bull run was the most efficient yield farming.

However, as of today, yield farming will NEVER cover farmed tokens price variation.

3/ ICO + Liquidity mining are the worst things ever for tokens price dump. And new models have already been launched:

ICO rewards anyone who wants to join the Party. Now, Initial Token Offering or ITO reward users of Beta Platform.

4/ @0xconcentrator opens an IFO (Initial Farm offering). The more you farm, the more you accumulate project tokens $CTR

@kwenta_io opens its ITO to early users or past $SNX Stakers only.

And i heard some rumors of projects that will use #Soulbound tokens for future offering...

5/ On the other Side #dex or Decentralized Exhchange market has matured with @CurveFinance and @Uniswap leading the race.

However we've seen a change in their tokenomics to avoid their token to go to 0 and Give Real Utility to their token.

6/ Utility of a token can be given as follows:
1- Give vote power on governance proposals that Matter. My play here is to say that #Optimism is the 1st real use case of this utility with $OP
2- Scarcity: veTokenomics that incentivizes people being here for the long term

7/
3- #RealYield : It's the current narrative of today, where decentralized protocols share revenues with token Holders

I assume that farming project that creates real token value will be the current and next play for 2023.

But i'm not done yet, so much to come
👇

8/ When you know that Derivatives daily trading volume if 100billions$ on Centralized Exchanges such as #Binance #FTX #coinbase, and only Defi Derivatives daily trading volume represents only 2.7b$, with #DYDX 1b$ alone, #Derivatives market for DEFI is only at its beggining

9/ Centralized Exchanges will comply to the coming regulation forcing KYC, revenue declaration, taxes, and might even convert your stables in their own (Like Binance is doing into $BUSD).

So people will naturally look to DEFI.

10/ Projects like @GMX_IO @GainsNetwork_io @kwenta_io are in the starting block of being the leaders in Future Leverage Trading and kept grabbing new records every week!

11/ More over, these projects are sharing revenues with their holders.

So you see the flywheel?

More volume = More fees = More project revenue = More revenue for token holders

12/ For me the on-going comparison CEFI/DEFI is crystal clear:
- CEFI: Spot market => DEFI: DEX
- CEFI: Future Market => DEFI: Perp Protocol

I'm sure that 2023 and 2024 with a probable new bull run will see leverage trading exploding, together with the leading projects.

But....

13/ It's not over yet. As DEFI is getting more matured, more complex strategies are coming. And Options is one of them.

I've seen recently projects like @dopex_io & @lyrafinance developping more and more financial products and getting more attention to big players.

14/ And when you know that in Traditional Finance, #OptionsTrading is greater than the #spotmarket , there is everything to do here in #DeFi , from education, volume, efficiency.

2023/2024 will be no doubt the play of Options.

15/ And together with PERP Futures, this will form the new narrative for the coming months/year:

#Realyielderivatives

At least, that will be my play by trying to catch the best price for the largest projects and wait until next bull run kick-in

16/ For those who couldn't make it today, or are not french speaking, please note that next episodes will be available on Podcast directly to ease listening.

Love you fam!

This thread is just a personal opinion of DEFI and is certinaly not a financial Advice. So do your own research and try to understand the narratives.

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