We don’t build on crypto rails for crypto liquidity. That is a bad GTM. There are multiple TradFi products on crypto rails already on ETH that pay >0% interest (stablecoins), yet those products have no AUM compared to stablecoins. One might ask, “If markets are efficient, how come?” I think the answer is that crypto liquidity doesn’t want TradFi products that require KYC/AML. They give up interest to stay “off grid.” We build on crypto rails to offer better products to those who already consume TradFi products today, grow that TAM, and capture the processing fees. This is not a new discovery as you think it is, @lex_node, but thanks for the free advertising.