1 link tagged with all of: revenue + value-chain + protocols + lending + defi
Links
The article discusses how DeFi lending protocols like Aave generate more revenue than the vaults built on them and the asset issuers. It breaks down the complex value chain involved in lending, highlighting that while lending may seem low-margin, it captures more value than other players in the ecosystem.
defi ✓
lending ✓
protocols ✓
value-chain ✓
revenue ✓