Gemini founders, the Winklevoss Twins, are casting more weight behind DeFi than ever before. This is even amid the current DeFi pullback. The Gemini twins believe that the DeFi phenomenon is a whole different beast from the 2017 ICO craze.
From Coffee Shops to DeFi
Cameron Winklevoss stated that DeFi is a living and breathing ecosystem, relative to the “shitcoin white papers” written in coffee shops.
DeFi Yield Revolution
Tyler Winklevoss chimed in, stating that yield from DeFi smart contracts is a “revolution.”
Despite the twins’ bullishness on DeFi, it should be noted that September, as a whole, has been a correction month for many DeFi tokens. In recent weeks, the overall DeFi market cap has dropped significantly due to poor market conditions. Time will tell if the Winklevoss’s bullishness will ring true.