IF you lost a lot of money from this choppy #BTCMarket , it's your chance to look for the next big narrative in the crypto space.
Why I think it's #cedefi :
Analyze which protocols held up well, and I don't mean their price. I mean their infrastructure and product.
I'll give you two examples: $ENA and $BB
Ethena's stablecoin maintained it's peg without breaking a sweat. Redemption & minting remained stable even throughout large volume moves. This is the power of combining CeFi and DeFi. You get the best of both worlds.
Similarly, BounceBit's CeDeFi infrastructure proved to be market-resistant. Yield's have stayed the same and TVL remained stable even though $BTC took a dive down.
I think CeDeFi is the right approach to providing value regardless of the market conditions. Especially traditional money and institutions are mostly interested in stable or fixed yield, something that up until now no other protocols have reliably offered.
Keep an eye on @BounceBit and @Ethena Labs
