🚀 Is DeFi going to be the savior that ends the bear market? Bitwise's Chief Investment Officer speaks out
Bitwise CIO Matt Hougan believes that crypto investors are tired of empty promises; what everyone wants to see now are real users, actual revenue, and core value. And this is precisely the strength of the DeFi sector.💎
Current situation: The 'awkward' governance tokens
For a long time, many DeFi protocols have deliberately stripped tokens of their revenue rights due to regulatory pressure (especially the SEC's Howey test). This has resulted in rapid development of the protocols themselves, but governance tokens like UNI have become 'shells' lacking economic support, with performance that is underwhelming.
Turning point: Aave Will Win proposal 🧊
Hougan pointed out that the 'Aave Will Win' framework recently proposed by Aave Labs is becoming a game changer for the industry:
✅ Full revenue goes to DAO: All product revenues under the brand will be directly injected into the DAO treasury owned by token holders.
✅ Enhanced asset attributes: AAVE will transform from a mere 'governance token' into a core economic asset of the ecosystem.
✅ Model output: If Aave successfully runs through, other top DeFi protocols are sure to follow suit.
Hougan firmly believes that this strengthening of token economics will reverse the downturn in the altcoin market and become the core engine of the next bull market.📈
What does everyone think? Can DeFi tokens bring everyone back to 'break even' this time? Or is regulatory pressure still an insurmountable obstacle? Feel free to discuss in the comments!👇
#DeFi #Aave #加密货币 #Bitwise #山寨币
Bitwise CIO Matt Hougan believes that crypto investors are tired of empty promises; what everyone wants to see now are real users, actual revenue, and core value. And this is precisely the strength of the DeFi sector.💎
Current situation: The 'awkward' governance tokens
For a long time, many DeFi protocols have deliberately stripped tokens of their revenue rights due to regulatory pressure (especially the SEC's Howey test). This has resulted in rapid development of the protocols themselves, but governance tokens like UNI have become 'shells' lacking economic support, with performance that is underwhelming.
Turning point: Aave Will Win proposal 🧊
Hougan pointed out that the 'Aave Will Win' framework recently proposed by Aave Labs is becoming a game changer for the industry:
✅ Full revenue goes to DAO: All product revenues under the brand will be directly injected into the DAO treasury owned by token holders.
✅ Enhanced asset attributes: AAVE will transform from a mere 'governance token' into a core economic asset of the ecosystem.
✅ Model output: If Aave successfully runs through, other top DeFi protocols are sure to follow suit.
Hougan firmly believes that this strengthening of token economics will reverse the downturn in the altcoin market and become the core engine of the next bull market.📈
What does everyone think? Can DeFi tokens bring everyone back to 'break even' this time? Or is regulatory pressure still an insurmountable obstacle? Feel free to discuss in the comments!👇
#DeFi #Aave #加密货币 #Bitwise #山寨币