DeFi Wizards: Rune Christensen and Guy Young on the past, present, and future of finance

In this episode, Guy Young & Rune Christensen discuss the evolution of DeFi, noting how it has become more grounded in reality and sustainable business models, moving away from the early hype and ideological claims.

OUTLINE:

00:00 Introduction

01:23 DeFi Ain't What it Used To Be

08:27 Ethena's Success

13:01 Get $HYPE(D)

15:08 HL L1

16:38 'Ecosystem Protocols'

19:32 DeFi User Capture

21:42 DeFi Endgame

22:05 Hyper-rational Users Onchain

24:53 Compressing DeFi Rates