What narratives do you think drive the next DeFi cycle? Seems like RWAs for low risk, yield bearing, and being able to collateralize those tokens is taking shape & finding PMF. 

Curious what you think drives adoption and hype?!?

Growing Sherlock.xyz to secure crypto | Building Astral.global to enable location based DApps | Sense making at Kernel | Dad | Memes

What will drive hype:
👉 Restaking, RWAs, & improvements in security, insurance options. EigenLayer has seen massive growth, and it kind of reminds me of early SNX vibes. Could become a massive ecosystem just like Synthetix is. RWAs will continue to be big.

Head of Community @nexusmutual | Safe Governance delegate | Researching risk in DeFi

Embedded cover options + growth in bug bounties, auditing will help ease concerns about hacks. We need to reduce hacks to get another growth cycle in DeFi. Normies read all the headlines about losses and it’s the #1 thing people ask me about online & IRL.

High APYs, sustainable growth, & safety + security are 🔑

During the bear, we saw a drop off in Protocol Cover across the entire sector, but that’s starting to pick back up w/ higher yields.
We’re seeing demand for other products, though, that Trad insurers are unwilling to underwrite due to the knowledge gap, like Directors & Officers (D&O) cover for web3 companies.

Thanks for the thoughtful response. I see you work at nexus. I am always wondering how insurance takes shape in DeFi. Given your are one of leading edge projects, would you be willing to elaborate on where you see that service heading?