SotN #1 - BULLISH; DeFi tokens, Internet-era growth, Fee v Issuance Debate
Bankless
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The DeFi Evolution and Governance Tokens
This chapter explores the transformation within decentralized finance (DeFi), focusing on governance tokens like COMP that symbolize equity in Ethereum applications. It draws parallels between the current crypto landscape and past financial trends, highlighting the importance of real cash flows over speculation. The discussion also covers the mechanics of token distribution, liquidity incentives, and the competitive nature of DeFi compared to traditional finance.
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Transcript
