TL; DR
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DeFi is back – of the top 10 revenue-generating crypto protocols, six are in the DeFi niche!
Full story
Some short, to-the-point news for you today:
DeFi looks capital good, good.
Why do you say? And where does this come from?
Well, after the last cycle, DeFi collapsed difficult (think: Terra Luna circa May 2022.).
Terra promised high returns, which in fact would strictly target inflation. They quickly crashed, causing a decline in trust and proving that these old methods were not sustainable.
Which brings us up to date with today’s news:
Analysts are excited to see DeFi back in action and raking in returns Real. Of the top 10 revenue-generating crypto protocols, six are in the DeFi niche.
And a rising tide floats all ships.
Take Uniswap’s recent rate update for example.
Since the update the $UNI token not only allows holders to vote on changes to the platform, but also gives them a discount on the transaction fees collected by the Uniswap exchange.
The more DeFi platforms (like Uniswap) find success with these profit-sharing models → the more competing platforms are likely to follow → the more user-controlled financial platforms will exist in the world.
We’d love to see it!