Original title: 'Decentralized Finance's Breakthrough Moment: Inside the Financial Transformation of EtherFi, Aave, Maker, & Lido'
Authored by: Kairos Research
Compiled by Luffy and Foresight News
Summary
This report aims to explore some of the most influential Decentralized Finance protocols from a financial perspective, including a brief technical overview of each protocol and an in-depth study of their income, expenses, and Tokenomics. Given the unavailability of regularly audited financial statements, we use on-chain data, Open Source reports, governance forums, and conversations with project teams to estimate Aave, Maker (Sky), Lido and