@EdgarAronov IMO in order of importance:
Identity, DeFi scoring models, reliable enforcement mechanism, network effects for borrower value props (better rates, easy access) and lending value props (attractive risk adjusted returns, trust in the ecosystem)
Dominos and Google came public within a month of each other in 2004. One makes people fat and the other is "transformational."
Look at this unbelievable chart and tell me which one is which.
(h/t @TheStalwart@tracyalloway)