Read on Twitter
For the sake of accountability here is our old, 2020 predictions thread 
https://twitter.com/defiprime/status/1209147960715407360
https://twitter.com/defiprime/status/1209147960715407360
1. Talent will be the most scarce resource in DeFi space.
Capable developers with mainnet experience are finite resource and all of 2020 VC-backed projects would fight for them.
Capable developers with mainnet experience are finite resource and all of 2020 VC-backed projects would fight for them.
2. The expected outcome from (1) is that we'll see new mergers and an acquihire spree.
For many of DeFi summer projects merger would be a perfect soft exit.
For many of DeFi summer projects merger would be a perfect soft exit.
3. Insurance > Smart Contract Audits.
We'll see more and more projects incentivizing insurance pools, instead of wasting thousands on auditors who couldn't guarantee anything.
We'll see more and more projects incentivizing insurance pools, instead of wasting thousands on auditors who couldn't guarantee anything.
4. VC thesis for 2021 is investing in "fork of X for chain Y". All successful models from #Ethereum would be cloned on other chains.
The problem is it's hard to fork community and liquidity, so more ghost projects will pop up.
The problem is it's hard to fork community and liquidity, so more ghost projects will pop up.
Well, the same people invested in Ethereum killers in 2018, so not surprised.
5. In the meantime DeFi protocols from Ethereum would suck into wormhole other chains liquidity and users, via wrapped tokens, bridges, or app chains like Compound.
Fat App > Fat protocol
Fat App > Fat protocol
6. Composability, on-chain data analysis, derivatives, rebase tokens, and synthetic assets are major trends we'd expect to grow in 2021.
We had seen what's possible with composability and mashups during defi summer. There is a whole new world of unknown yet projects.
We had seen what's possible with composability and mashups during defi summer. There is a whole new world of unknown yet projects.
7. Retail users will inevitably flee inflation with crypto. No way retail would avoid gamble with 100x gems and many promising tokens, and no way they'd avoid rug pulls and scams.
8. Modest L2 progress.
I'd bet on no more than 10% of the current DEX volume moving to L2 by EOY 2021.
We probably will see popping up L2 aggregators enabling switch between different L2 solutions without jumping back to mainnet.
I'd bet on no more than 10% of the current DEX volume moving to L2 by EOY 2021.
We probably will see popping up L2 aggregators enabling switch between different L2 solutions without jumping back to mainnet.
9. We've seen a lot of projects doing SAFT with VCs in 2020 even when a token wasn't really needed or fit well.
In 2021 we'll see a bunch of not so great token models built to please those VCs.
In 2021 we'll see a bunch of not so great token models built to please those VCs.
Common VC's PnD will be a grim reality, and more projects will explore different flavors of fair and community-oriented launch.
10. I'd still expect at least one DeFi project being chased by regulators, while regulators explore lack of enforceability.
It's hard if even possible to regulate or enforce regulator decisions on truly decentralized and trustless protocols.
It's hard if even possible to regulate or enforce regulator decisions on truly decentralized and trustless protocols.
Tighten regulations for fiat on-ramps is highly possible tho.