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5min chapter
How to Fix DeFi with Dan Elitzer
Bankless
The Evolution of DeFi
I think Unity 3 was a big step in that direction with concentrated liquidity being effectively a gas efficient on-chain order book. We're actually going to end up like the ultimate efficient end state is we're going to have things that are much, much closer to order books than to AMMs as they exist today. And so very generalize. If you really want to generalize what a bank is, it's like somebody that can control your funds in ways that you don't agree with. They could be upgraded in a way that ends up resulting in them taking custody or being very bad upgrades. So I'm seeing this wave of folks coming, both ones that we've invested in, and
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