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The Fellas Debate the Financialization of JPEGs | Bell Curve

Empire

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The Long Tail of LSTs

I think the long tail of LSTs is going to be a major narrative. You've got like five to seven, you know, very, very small at this point. I'm sure they're going to build their own DEX. Like that's why it kind of like fracks is like an interesting model, albeit much smaller. It just kind of internalizes all of the endogenous yield that exists because of the LSTs on the other stable coin.

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