NYC conversation with a banker on the last 48 hours in DeFi. Every DeFi player should read this:
"We started looking at DeFi, but it's impossible under current conditions to go beyond a POC or a tiny allocation. People talk about vaults and curators when they really mean banks and asset managers - doing whatever they want. This won't last long. If the sector wants to grow and attract real money, it needs to clean up its act."