DeFi

I made a claim to some friends that DeFi has only really proven a few value propositions:

- AMMs (specifically CLAMM/CFAMM)
- Borrow, Lend 
- Perps
- (?) Reserve backed currencies

It’s possible we’re not going to get some Cambrian explosion of use cases..maybe this is all we needed.

you probably don’t think about liquidity enough // it is what it is  // build value, not valuation

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This is the alt account of Sister Hazel. Writings at https://powerlaw.systems. Building https://testnet.uvio.network. 

My main hang up is - what do you do with programmable money?

What about programmable money? We as an industry invented proof of stake to solve for trustless consensus, enabling trustless settlement. We are now just starting to reuse staked economic security to bootstrap arbitrary economic activity via restaking. And then tokenization as a primitive.

exploring the matrix onchain 🌀 | ops wizard 🪄 | hosting /defi • /the-glyph • /pixelglyphs • /autism


I agree RWA is a great application but not “new” tech

just need more assets onchain to use the above

Mathematician with a fondness foe kite surfing

Ah - this is somewhat what Pendle has built, yeah? I never found it interesting…but it should be right?

Can’t see why indexing shouldn’t be bigger in DeFI than it has been. Credit tranching, and time tranching as longer term lending starts to happen?