Mable, EXECUTIVE DIRECTOR, Multicoin Capital: From a profit perspective, big money going into DeFi is trending

BlockBeats news. In today's AMA of DeFi Concept currency, Can you still chase a car? Mable, executive director of Multicoin Capital, And Yang Mindao, founder of dForce respectively expressed their views on the current DeFi market.

Moderator Tension opened by asking how to do DeFi token valuation and value judgment. Mable, executive director of Multicoin Capital, noted that the PE class method is well suited to DeFi scrip, with little reference value. One intuitive view of money-market lending agreements is thisThe amount of lock up, the market value of tokens, or the price of a private placement. Tokens for trading agreement classes are naturalTrading volumeIs a point of concern, but stable currency trading volume is not sticky and therefore can only be used as a reference. Other factors to consider includeNetwork effect of header protocol, asset type of currency, convenience of channel, etc.

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The DeFi products can be divided into several categoriesStability currency is currency agreement, money market and decentralized transactions are liquidity agreement, and derivatives agreement.Most DeFi protocols do not charge fees because they attract users and retain them.

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Mable says DeFi is certainly a big trend right now, but it has its ceiling. At the moment DeFi is trading on one side and arbitrage on the other. She observes that institutions are beginning to routinize DeFi trading and arbitrage, which is an unparalleled advantage for institutions.

An interesting point is that Mable shares a few of his own:Ethereum pool may be sold as an information service without harming the interests of others through the pool itself.She gives examples: for example, if you have a transaction TX in front of you that is already in mempool, how much is the gas fee paid? Or if someone has a competing transaction TX with you, how much does that person pay for GAS? This is just an information service rather than the pool actively choosing which side to take or who to give priority to. And the assumption is that only big money has the advantage,So from a profit perspective, more and more big money will go into DeFi and stay in it.

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Mable says what's exciting about DeFi is that it serves 80% of the market,And before this 20% of the market may not exist in the past, is completely new growth. Admission, on the other hand, in the big money will cause big asset user won more incentive, break the agreement on the decentralization of the problem, said to Mable said like, big money comes into play is the inevitable trend, so only the money market this relatively low frequency time is absolutely good for ordinary people, because of its good liquidity, flexible use, no obvious disadvantages between institutional and retail; Transaction agreements, which match the amount and speed of money, may end up being dominated by institutions.

Mable concludes by saying,DeFi itself was not created for decentralizationIt provides very cheap liquidity (Curvefi, dFroce, etc.) in a certain volume, and it is simple and flexibleDecentralization is not the purpose of DeFi but its nature.

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