Points to look forward to in 2023:

 - Fully decentralization of the protocol (or reverse STO)
 - Importance of utility-based real yield 
 - Institutional-level participation in governance
 - Bitcoin as a settlement layer

This is interesting, can elaborate on 1 and 3?

Practical AI fanatic. CTO & Founder. Open-Source Maxi. Good Cook, Mediocre Bowler.

Regarding 1, we can fully decentralize the protocol to avoid regulation, or we can take a reverse STO strategy to comply with regulation.

In case 3, for example, assuming that a company with large liquidity uses AMM rather than CEX, it can make a favorable offer through governance. Ex) fee discounts, etc.

Hm what’s a reverse STO strategy? Never heard of it.

3 is interesting to me and I’d agree. I guess the risk would be the time governance takes (if you’re referring to like a bid on a fee based on volume)

Is this approach something that crypto companies you’ve chatted with are actively thinking about or pursuing? I’d love to chat more

I think it’s a gradual approach that makes the most sense

For example, converting to security tokens for dividend payments to distribute protocol revenue