Lending market sector, breakdown by 365d revenue: https://t.co/QChaVGHMvW ...

Protocols have… moats? 😳Matt (@MattFiebach):Launching a DEX or lending market has got to be so brutal. Uni & Aave liquidity moats + low risk premium are killers.Unless you have a sharp high-growth niche or 8 figs in incentives, your protocol needs to be 10x better, not even 50% better will cut it. ...