A have a look at the subculture and ethos driving the white-hot DeFi house, which has grown from $2 billion to $9 billion in complete worth locked
A have a look at the subculture and ethos driving the white-hot DeFi house, which has grown from $2 billion to $9 billion in complete worth locked in simply two months.
At present on the Temporary:
- Conventional markets falter, led by tech shares
- Bitcoin falls beneath $11,000 for the primary time since July
- Stablecoins mint $100 million each day since mid-July
Our important dialogue is about DeFi’s “degens.” NLW talks about:
- The numbers behind DeFi’s current run-up
- What “degen” means on this context
- Why degen is, partially, a response to earlier bitcoiner critiques of Ethereum
- Why degen is (in even larger half) a response to a no-yield, artificially low curiosity world
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