@spookyaction-btc
2026 outlook: bearish nepobaby protocols, bullish operator-lead protocols.
One thing is clear: regardless of model, the spotlight is on core teams responsible for protocol lindyness. There's healthy friction and then...there's disfunction. Disfunction is set to be rooted out.
Exchanges had the same reckoning in 2021 and now it's DeFi's turn. The capital looking down the rabbit hole cares little for infighting. Downside risk protection has mattered and will matter the most.
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