mature things tend to get pressured into being less weird over time, so if you're starting from scratch your advantage is that you can be very weird
if you don't start weird you're probably trying to compete inside the local maximum of something more boring than you could be
A mature market isn’t defined by price, but by participation.
When capital can be deployed, financed, hedged, and managed with consistency is when an asset stops being held and starts being used.
the main advantage of crypto becoming a more mature asset class is that there's about 20 projects that actually generate revenue which flows back to the token holders
it became a lot easier to spot these and these will be the main runners next alt season
lockin
Yield without a productive anchor is merely a countdown to dilution
In a mature financial environment, returns are not "created" but captured
🧵 A primer on RWA Vaults, the infrastructure that anchors onchain yield in real assets: