"Even now, this is what I think tradfi is only just now starting to realize-
Is just how superior perps are as an instrument to the rest of what the world has used all these years-
And I think for us, just really, really getting early into perps... like Gains and GMX...
These were the first value-accruing tokens, these were the first tokens that did buybacks, and burns, and distributes...
And $GMX had a really great run and that was a good thing, a good performer for us-
But it took a long time for people to realize that the tokens that were gonna be tied to these protocols just printed money-
And I think that was incredibly obvious to us from the beginning-
That the TAM of these protocols was going to be just biblical-
But then also the ability to have a token that internalized all this excess trading fees, and potentially liquidations, and all these things, was gonna be astronomical as well..."
-
@koolkrypto223, in discussion with
@DeFi_Dad and
@Nomaticcap