It seems like an odd pairing, but perps aggregators may be the prime brokers of crypto. Comparing and contrasting this TradFi concept and applying it to DeFi.
Think of bankers as javascript running really, really slowly and expensively. Glacially completing smart contract tasks. DeFi is a superior economic model.
Ethereum is the most important infrastructure in the world: both for what it is and what it can be.
And it will never be enough. There must be other layer 1s.
stETH has had a persistent discount to ETH, yet it's backed 1:1 and pays a dividend. Inefficient market or justified? This is a framework for thinking about it.
