Multicoin partners: only invest in DeFi agreements that can surpass CeFi in all aspects

Kyle Samani, managing partner of cryptocurrency investment firm Multicoin Capital, said at the "Crypto Tonight" event that he believes that DeFi will replace the huge volume of CeFi in the next 10 years. In his view, DeFi is a part of open finance. Open finance is a part of their "Mega Theses". Because he firmly believes that DeFi will replace CeFi's huge volume in the next 10 years, they are Investors in the DeFi agreement. He said that when evaluating DeFi protocols, we usually focus on understanding how each DeFi protocol can surpass the CeFi version in every aspect. This is often difficult to do. But as the DeFi ecosystem continues to mature, it is much easier to discover this opportunity.