when two of the smartest people in defi come to the same conclusion, prolly good to listen up. @delitzer and @DegenSpartan both noticing the prime brokerage potential of defi protocols with large liquidity

here degen points to compound eating Maker's role, to which @rleshner basically replies, yeah we could make synthetic whatever, but why would we? https://twitter.com/DegenSpartan/status/1275606616922972160?s=20

which, yeah i wouldn't want to compete with @synthetix_io either. speaking of, we also see synthetix's ability to get into prediction markets, stealing some of @AugurProject's market share https://twitter.com/DegenSpartan/status/1275790478022029315?s=20

dan really brings this all together in his aquaponic yield farming essay, towards the end asking if its easier for @compoundfinance to add @BalancerLabs functionality or the reverse

https://twitter.com/delitzer/status/1275843818202394630?s=20

this idea of aggregation, prime brokerage services, has long been thought to allow user-facing services like @Instadapp or @zerion_io to deliver on promises of composability –– it was one of our theses with Topo –– but liquidity mining might shift that value capture

if i can earn better yield by utilizing multiple services through one protocol, why would i split my usage across several?

we know liquidity begets liquidity –– adding additional ways to put it to work is only natural

i don't know exactly what this looks like down the road, but it seems likely the single financial primitive protocol gives way to a more prime brokerage-like structure –– and unsurprisingly @synthetix_io seems to be leading the way here, just as they did with liquidity mining