DeFi lacks neither funds nor technology; what it truly lacks is a mindset of 'long-termism'.
Marc Boiron, CEO of Polygon Labs, candidly pointed out in an interview that the current liquidity issue in DeFi is not a natural disaster, but a consequence of the industry's own actions. Funds 'rented' with high annual interest rates cannot support a real financial ecosystem.
"This is hired capital, not loyal funding." Boiron's remarks pierced the biggest illusion in current DeFi.
High returns ≠ sustainability, liquidity ≠ stability
The 'high APY' strategy criticized by Boiron essentially relies on unlimited liquidity to attract capital. It seems bustling and TVL skyrockets, but in essence, it's a harmful remedy.
Once the subsidies stop, the liquidity will immediately flee.
Tokens are infinitely diluted, leading users and protocols to 'inflationary death'.
There is no real economic core, only short-term games.
In Boiron's view, a truly healthy DeFi protocol must rely on 'on-chain self-owned liquidity', establishing its own treasury, rather than repeatedly over-drawing the future with 'token airdrops + high APY' tricks.
Traditional institutions need to stabilize before entering.
Many DeFi enthusiasts talk about 'TradFi', but Boiron pointed out the first hurdle in reality: traditional institutions seek stable and predictable liquidity.
"You give them a DEX, slippage often at 3%, liquidity evaporating at any moment, and still expect them to invest large amounts?" Boiron shifted his tone, criticizing the current DeFi environment for being unable to support scaled institutions. "It's not that they don't understand, it's that you are unreliable."
Building self-owned liquidity + controllable treasury + transparent mechanisms not only reassures institutions but is also more suitable for ordinary users.
The future of DeFi does not lie in the next bull market, but in the hands of those who change their mindset.
#DEFİ #以太坊的未来 #币安上线INIT #加密货币总市值重回3万亿 #meme板块关注热点 $BTC $ETH $SOL
