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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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.

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

what do you mean programmable money, isn’t that eth?

engineer figuring out how to build public goods

ETH is the programmable money. In my mind it also allows other tokens to be programmable and those tokens might be used as money in their own ecosystem. OlympusDAO would be such an example maybe.