Vitalik Buterin is right: DeFi today is a circular speculative economy. The bigger opportunity lies in bringing traditional capital markets on-chain, so that crypto reaches the mainstream, says Zach Rynes (aka ChainLinkGod), who serves as a Chainlink Community Liaison.

Ethereum Co-Founder Vitalik Buterin recently created a ripple on crypto twitter writing that DeFi “feels like an ouroboros [a snake eating its own tail]: the value of crypto tokens is that you can use them to earn yield which is paid for by... people trading crypto tokens.”

He went on to note that “while defi may be great it's fundamentally capped and can't be _the_ thing that brings crypto to another 10-100x adoption burst.”

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