To some degree I agree with you that the decentralized finance bubble contains scams, but there is the possibility off creating a worldwide decentralized market maker, because people are going always going to choose the easy way to make a quick buck, they will start to do arbitrage in between the pools. Which in total will level out the entire system in the long run and create a balance in price and liquidity. Once we’ve finished playing this game we will have a market maker with actual value, the network itself will be valuable. So there is in the long run a case to be made that decentralized finance products like these scams have a function in this ecosystem to bring something else into existence which normally would never be built, it must be a collective effort.
To some degree I agree with you that the decentralized finance bubble contains scams, but there is the possibility off creating a worldwide decentralized market maker, because people are going always going to choose the easy way to make a quick buck, they will start to do arbitrage in between the pools. Which in total will level out the entire system in the long run and create a balance in price and liquidity. Once we’ve finished playing this game we will have a market maker with actual value, the network itself will be valuable. So there is in the long run a case to be made that decentralized finance products like these scams have a function in this ecosystem to bring something else into existence which normally would never be built, it must be a collective effort.