Starting to be a bit late to join etherfi season 2 (expires end of June). But Ethena season 2 still very much ev+

LP USDbC, borrow USDC ARB on Prime protocol => positive carry.
Then deposit USDC ARB on elixir (e g. vertex vault).
One stone, three birds (base, Prime protocol, elixir) and positive carry

Simple things in DeFi:
CLOBs > AMM
Contract risk often overlook. If @socket  (bungee) got hacked a few weeks ago, imagine the less funded / unaudited projects
Symbiotic relationship between devs and users (which are for now mostly airdrop farmers). No users > devs won't bother developing, no devs > nothing to interact

Mathstothemoon

@mathstothemoon