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ETP stake compliance has been implemented, and the market is buzzing that the liquidity feast is about to begin. But are there really seats at this banquet for everyone?
The so-called compliance is essentially the game rules tailored by the traditional financial system for Wall Street. Those giants who hold capital and regulatory relationships are systematically harvesting the survival space of decentralized protocols with legitimate weapons.
What about those DeFi Staking projects that have neither liquidity pools nor regulatory backing? They will soon realize that they are merely victims in this round of reshuffling.