The future of DeFi is being built today, one liquidity pool at a time.

What might seem like a giant, unnecessary Ponzi game from the outside is in reality the core "need" for the stage we are at.

We don't yet need "useful" products. We need money flows.

Let me explain... The foundational technology that will enable EVERYTHING is financial. And finance needs liquidity to allow gigantic flows and volume without slippage and disasters.

What we need is funds and capital, LPs and Degens with Ponzi games.

But ser, you say?

You saw that elephant.

One of my favorite topics to explore recently has been @templedao.

It's fascinating to watch the project grow and the community take off.

Over the past few days I have written a few threads about the power of its community and also Temple Defend.

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1) Today I want to ... 2) look closer at the project's launch.

Launching tokens is hard and easy at the same time. In theory, pretty much anyone can release their own ERC20 tokens but only very few of them gain legitimacy and truly take off.

The 'oldest' launch, akin to an immaculate conception...

The many ways of the Temple are not always clear to the aspiring acolytes.

Here's a ELI5 thread about Temple Defend.

1) Remember, @templedao's goal is to create 'safe haven' low volatility pools. Its $TEMPLE token captures and incorporates this same principle. 2) What do $TEMPLE believers hate? Pumps and dumps, boring stablecoins, hyped projects that quickly go to the moon and drop even faster (I am looking at you $TITAN and $GAIA) - there is nothing of value here.

What do $TEMPLE believers like? Enter the 'backed, not pegged' meme.

Crypto and DeFi are gamifying and connecting innovation across finance, community building, art and governance in so many ways at such breakneck speed that it is hard to follow and distinguish between value and madness.

Enter @templedao

🧵 A Thread (Value or Madness?) 1) When seeing videos of people burning things as part of the #fireritual for @templedao, I got ... curious?

Bootstrapping in DeFi is not just community building, it is cult building. Some, like @OlympusDAO, @AlchemixFi, @iearnfinance and @SushiSwap have done a great job.

People are starting to see the incredible value in @AlchemixFi but few understand the full implications. Let's take a look.

1/n 1) In a bull market as we have it now, Alchemix' $DAI vault is a way to leverage your stablecoins that you may have taken in profits or that you hold to buy dips. You put in $DAI, your debt repays itself through @iearnfinance DAI vault...

Some thoughts on the current market - A thread.

1) As someone who has gone through the 2017/18 boom and bust, I remember a few lessons: I didn't take enough profits because I kept thinking/hoping the market can still grow. 2) There was constantly the narrative that institutions are coming - and they did come, but now, not in 17/18. Things take longer than we like.

So lets look deeper. Who are the users right now in #DeFi? Degens + crypto hedge funds and whales who are making a killing.