There's a common misconception that mature verticals like dexs and lending are "solved." The first stock exchange was birthed in the 1600s. It took over 400 years to reach where we are today. Crypto is no different: we're still early! Yes, these verticals may seem highly optimized - but only within the constraints of the available primitives and architectures today. I wrote a piece a while back about "extended defi," where extended defi is the highly complex, composable products of today's defi landscape. Extended defi will continue to grow. Every day we are blessed with new primitives, ready to be incorporated into the next Morpho or the next Pendle. We saw from recent events such as 10/11 that there is still much to be solved in these "mature" verticals. Whether it be better price discovery, true onchain credit, or more robust liquidation protocols, the next generation model is waiting for you to build it. Don't be intimidated by the complexity of these extended defi offerings. After all, they were built upon many small iterative processes where each new model addressed a shortcoming of a predecessor. No improvement or optimization is too small. At DevConnect, despite the general poor market sentiment, it feels as if builders are at work harder than ever to inch us closer to the goal of true permissionless financial freedom. Keep building - after all, bear season is builder season 🙂
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