Someone asked me today if I have any controversial opinions on DeFi. Well here it is, beautifully put by @RektHQ: “You think you’re the player, but you’re just an NPC in someone else’s game. Gamified finance pays its architects well in this era where exit liquidity isn’t just harvested - it’s manufactured, optimized, and delivered on demand.” And today, it’s not just driven by greedy humans, it’s also fueled by conscience-lacking, efficient and never-tired AI bots. And while this used to happen only somewhere out there, far in the trenches (which if you’re smart enough you should stay away from)... Not anymore. The SocialFi narrative driven by “mindshare” now got AI bots flooding all our timelines. All for squeezing as much cash as possible at TGE. The cycle always repeats, the scams are the same, but the narrative that’s masking them is different. 🚩 YOU are the exit liquidity. But I don’t think that’s controversial. It’s just the truth. I can chat all day about the things that excite me about DeFi, but as bright as my hopes are, the reality we’re in today is just as dark. (Probably even darker) This is why I believe institutions coming to DeFi is the best news of this cycle. RWAs backing real, sustainable yield for users, built brick by brick by protocols that still care about security, care about regulation, and care about the long-term vision. Few. P.S. this newspaper is a limited edition I got at @stable_summit but if you’re in crypto and you haven’t already read every article on @RektHQ, you absolutely have to.