Protocols built on protocols: moving higher up the DeFi stack
Quick Take
- The most popular DeFi protocols to date have offered the “simplest” financial primitives. E.g. a stable medium-of-exchange, lending, trading.
- Many ideas on Ethereum have been ported over to other chains — arguably improved by higher scalability — but often there’s been little innovation in protocol mechanics.
- New protocols building on existing infrastructure components is where the more interesting innovation in DeFi is happening.
This research piece is available to
members of The Block Genesis.
You can continue reading
this Genesis research on The Block.
Go to Source
Author: Mika Honkasalo
