$11.29B. 856 vaults. 131 curators. 18 protocols mapped by @vaultsfyi Insights / topics we discussed in past: 1. c.70% of TVL controlled by 5 curators: I think we will see more due consolidation due to distribution access, brand power and regulation + new institutional entrants who already tick those boxes 2. Ten addresses control 74% of vault shares: Get the whales or the distribution partners (Coinbase, Robinhood, Kraken etc.) 3. Distribution, not deployment, is the real bottleneck in curated DeFi: Obvious conclusion of the above 4. Correct differenciation between vault types. @Morpho and @MidasRWA are very different (and work together btw 😀). If you don't understand these points, have a read of the report. Thanks for featuring Midas @ryanrodenbaugh