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DeFi - What's Next for DeFi?
The biggest tailwind this year or last year was FTX. We remain bullish even with the incremental growth that we're seeing because obviously now we're in the growth phase of DeFi. My advice for founders is not to be so obsessed about the math, the algorithm. Building a product is so much more holistic than improving whatever AMM model or liquidation engine. It's far more holistic. The central exchanges are so good at using stuff like referral programs.