The infrastructure built during the winter
Across two years of falling prices and quiet projects, the base components were built: the on-chain dollar, wallet custody, lending, automated swaps.
Watch it happen in “Crypto Winter” →Why it happened
- 01投机退场后，注意力与人才集中到少数仍在推进的方向。
- 02这些组件不涨价、不好讲、开发周期长 —— 只有在无人炒作时才有耐心做。
- 03它们彼此的接口在此期间逐步对齐。
Before · After
Before
On-chain finance was a set of scattered attempts whose components could not call each other.
After
A set of components that plug into one another was in place, waiting to be combined.
Why it matters
Every brick that got assembled in 2020 came out of these two years.
Related entities
Sources
- Level AMaker 协议文档
- Level ACompound 协议文档
- Level AUniswap 协议文档
Unverified · 官方文档站的协议说明与合约地址；v1 上线时间见其博客归档。