1. #Ethereum's DeFi ecosystem operates like interconnected blocks, and recent events like the Curve-Vyper exploit have raised concerns about the impact of token prices on protocol functionality.
2. Myles O'Neil, an associate at Reverie, questions the health of #protocols. where token prices influence functionality. He compares Curve's reliance on its CRV token to Robinhood's dependence on its shares, suggesting that such interdependence might not be healthy.
3. O'Neil highlights #Uniswap as an example of a successful protocol that doesn't rely on #tokens for its functionality. He and podcast host Mike Ippolito discuss the role of tokens in incentivizing protocols and the tension between token-based incentives and protocol success in the #crypto space.
