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Are there any innovative changes in the DeFi ecosystem? | FAQ

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1. Why doesn't anyone explain (Bitcoin) clearly to Warren Buffett?

In fact, someone has already tried. The head of an exchange once specifically arranged a dinner with Buffett and introduced Bitcoin and blockchain to the old gentleman at that dinner.

But the result was that the old gentleman remained stubborn and was not moved.

I don't think it's because they didn't explain it well, but more because of the old gentleman's attitude towards life - he has already reached a world-class level in his own field, has his own most proficient business, and lives the life he likes the most. In this state, why should he necessarily go to a field he doesn't like and engage in an operation he is not good at?

It's like I'm not at all used to short-term operations and not good at technical indicators, but if someone forcibly sells me these operations and theories, apart from politely responding on the surface, I'm not really interested in that set of operations in private.

In my daily life, including my friends, colleagues, and even relatives, there are very few people who know that I also have hobbies and operations in the crypto field. But unless it's absolutely necessary, I never talk to others about my activities in the crypto ecosystem, let alone proactively mention Bitcoin, Ethereum, and so on.

Everyone has their own destiny and track, if you have the chance to get in touch with the crypto ecosystem and find your own opportunities here, that's of course good, but if you have no connection with the crypto ecosystem and find something you are more proficient in and a more ideal life in another field, that is also wonderful.

2. How to view Matic's transition to POL

Regarding Matic's transition to POL, I shared my overall feeling in the last online exchange, which is still quite good.

The main change of this project is not that the token has been renamed, but that Polygon is going to become the second layer expansion of Ethereum and the AggLayer it is working hard to build.

Coincidentally, these two days, I read a Messari report on chain abstraction. This report mentioned Polygon's AggLayer when analyzing the liquidity of chain abstraction, which gave me a deeper understanding of this project.

Looking to the future, if the AggLayer can really become the aggregator of blockchain liquidity and provide unified liquidity for chain abstraction as the project team expects, the imagination space is still quite good.

However, for the time being, these seem to be still quite far away, because the entire DeFi ecosystem is still lying on the old model of the past, without much innovation. So chain abstraction does not seem to be so urgent for the current DeFi, and the value of the project may not be able to be reflected.

3. Is there any innovative movement in the DeFi ecosystem?

Recently, I haven't really discovered any major DeFi innovations, but I've seen Messari's report mention that some new exchanges emerging on Ethereum's second-layer expansions are attracting a lot of liquidity, and there are also some changes in MakerDAO and the release of Unichain.

These "innovations" I think at most can be considered as business transformation or business expansion, and they are not really innovative in terms of technology or model.

While writing this, let me add a casual remark:

Recently, I've started to spend more time reading Messari's reports, mainly focusing on the analysis reports on projects and ecosystems. Regarding DeFi, I found that more and more research is starting to focus on uncovering the real yield of projects, rather than just simply revolving around token economics (especially token airdrops, inflation, holdings, etc.) as in the past. This approach and perspective is getting closer and closer to the analysis of the fundamentals of stocks in traditional finance.

This trend is becoming more and more obvious, and is also being increasingly valued by the leading DeFi projects. From another perspective, this also means that at least in the DeFi ecosystem, the era of speculating on tokens to get rich is gradually fading away.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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