DeFi 2.0: Innovation or Bubble?
The new generation of DeFi protocols proposes concepts such as 'yield stabilization' and 'permissionless leverage', but some designs have been questioned as Ponzi models. Despite the TVL rising to $60 billion, risks of smart contracts and regulatory pressures remain. Investors should prioritize blue-chip projects like AAVE and UNI that have been validated by the market.
