Vance Spencer: It's important to internalize blue chip DeFi or anything was a meme last cycle. Nobody was generating sustainable cash flows, he says. Vance is saying we're off of the shit coin roller coaster, and we are focusing on quality and fees. If you squint a little bit, you can see the Fang of DeFi is assembling the Fang ofDeFi, which Vance is saying is smell.

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