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Is DeFi in a Trough?
Gauntlet is working with various DeFi protocols that have all of these considerations. I think it's fair to save right now that we're in that same trough of disillusionment, at least for some stakeholders, for some investors, for some users. The vast overwhelming majority of DeFi startups have shown that they're not sustainable without huge amounts of emissions. We have a handful of products that are really working really well, Uniswap of a compound.