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Jai Bhavnani
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It’s pretty crazy that we’ve seen little innovation in the biggest risk to
DeFi
Smart contract security
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Jai Bhavnani
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Every DeFi protocol is either an exchange or an asset manager. There is no in between.
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Personal pet peeve: folks posting token revenues and not accounting for token emissions
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Increasingly clear that asset issuance is highly accretive to an L1. New L1s that understand this (like Plume) will have a significant edge.
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Every DeFi protocol starting to learn asset management is a business of scale.
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Think we might be cooking the biggest innovation to onchain liquidity in a long time. Royco was initially built to price liquidity. But it can only price liquidity in terms of incentives. What if Royco could price liquidity in terms of...anything...? Royco V2.
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