Bankless SotN30: DeFi Season with Anthony Sassano (Top 10 DeFi Tokens on Ethereum, $DPI Index)
Jan 20, 2021
Join Anthony Sassano, an advisor at Set Protocol, as he dives into the exciting world of DeFi tokens and the DPI index. He discusses the top 10 DeFi assets on Ethereum, sharing his bullish and bearish insights. Anthony uncovers the importance of Aave and Uniswap, and reflects on the dynamic nature of the DeFi landscape, likening growth to popcorn popping. He highlights investment strategies and the need for caution, alongside humorous anecdotes about navigating the volatile crypto market. Get ready for DeFi Season!
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Aave's Organic Growth
- Aave (formerly Lend) grew tremendously in its first year, despite not using liquidity mining.
- This organic growth reflects the strong product-market fit of its lending and borrowing services.
Uniswap's Value Capture
- Uniswap's UNI token is currently solely a governance token.
- Its future value capture depends on whether it will receive a portion of Uniswap's substantial fees.
MKR Value Accrual
- MakerDAO's MKR token governs the platform and benefits from stability fees paid on DAI loans.
- These fees buy and burn MKR, creating deflationary pressure and potential price appreciation.