@mahopenta
4 / caveat: the flow of assets (irrespective of its underlying) is still real economic activity. a buyer and seller (even of a shitcoin) is still financial value. but this PvP closed loop isn't primed for further growth -- why do you think old coins are rebranding to new coins?
5 / the real issue here - which i think vitalik is trying to highlight - is that defi's long term value depends on the bigger problem of finding other real use cases. without a breakout use of crypto for payments, gaming, social, DePin, etc., it's an insular economy
6 / right now defi is in 2 camps:
- same old token / incentive engineering to create levered loops of value
- nerdsnipes around MEV, orderflow, intents, etc.
this is okay. but the need for builders to branch out of the shiny token meta and take risks is greater than ever.
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