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🧠 It used to be standard financial practice to use your assets as collateral to unlock new liquidity and invest in new ventures. The financiers of the past invested in horse-drawn railway stocks, pledged shares in banks, and used borrowed liquidity to fund, for example, industrial production. Today, financial models have become more complex, and leverage has increased even further, but the essence of success remains unchanged: only the efficient use of capital brings extraordinary returns. → DeFi tools are all about that. 🧵 1/4
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