Multicoin Capital: early DeFi was built for volatile crypto tokens, so AMMs, perpetual swaps, and open-ended variable-rate lending will not…

Rickler Feed (@rickler_feed), Sep 25, 2026, 07:07 UTC

Multicoin Capital: early DeFi was built for volatile crypto tokens, so AMMs, perpetual swaps, and open-ended variable-rate lending will not be the right tools as TradFi move onchain Those lower-volatility assets need DeFi 2.0 primitives instead (order books, fixed-rate lending, dark pools) because execution quality, duration, and institutional privacy actually determine the economics of the trade Source

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