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In 3 months @renprotocol passed $500M volume and $175M $RenBTC without issue, proving secure reliability and staking yields.
Though this is only the beginning for #DeFi #interoperability...
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Though this is only the beginning for #DeFi #interoperability...
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2. As $REN fully decentralizes, it will soon connect into @Polkadot/ $DOT, @cosmos/ $ATOM, @solana/ $SOL, $DOGE and more
This creates the first fully interoperable crypto ecosystem, the implications are vast, far greater than mere $BTC on $ETH
This creates the first fully interoperable crypto ecosystem, the implications are vast, far greater than mere $BTC on $ETH
3. This interoperability will accelerate the absorption of legacy Layer 1 crypto assets into the gravitational pull of #DeFi ecosystems, while exploding DeFi across crypto 
Non-DeFi crypto participants will see the potential, drink the yields, and increasingly get hooked
Non-DeFi crypto participants will see the potential, drink the yields, and increasingly get hooked
4. As assets generate returns, investors will seek yield
Downward pressure to ghost chains and high growth for successful DeFi chains
Crypto becomes DeFi-informed, as base "risk-free" yields create the crypto equivalent of a fed funds rate - a baseline for returns
Downward pressure to ghost chains and high growth for successful DeFi chains
Crypto becomes DeFi-informed, as base "risk-free" yields create the crypto equivalent of a fed funds rate - a baseline for returns
5. Second, we will have smart contract interoperability and *crosschain* composability
This allows current DeFi leaders to expand to any meaningful smart contract chain
This allows current DeFi leaders to expand to any meaningful smart contract chain
6. At this junction, true value becomes clear - the top DeFi projects will overtake legacy crypto chains
We will see the deadweight of 2017 replaced in the top 50 by profitable, growing, community-driven protocols
We will see the deadweight of 2017 replaced in the top 50 by profitable, growing, community-driven protocols
7. From there we can expect the unexpected - apps that leverage cross-chain composability and build use-cases we haven't even dreamed of
These DeFi apps will be complex, inventive, and accelerate the creative destruction we see amongst dapps
These DeFi apps will be complex, inventive, and accelerate the creative destruction we see amongst dapps
8. As this happens the war among Layer 1's will heat up and the potential of layer 2's will reveal itself
Primarily though, the strength and value of DeFi protocols will become apparent
Primarily though, the strength and value of DeFi protocols will become apparent
9. While 2020 has been and will continue to be crazy
2021 will be unreal for crypto, and even better for #DeFi
Hold on degens, the best is ahead of us
2021 will be unreal for crypto, and even better for #DeFi
Hold on degens, the best is ahead of us
