A little birdie informed me that the "DeFi" positioning some are doing is staging for ICO's they're planning for liquidity funds that promise yield to morons.
Completely trusted of course.
Discussion
I doubt we ever have another ICO bubble like the first one. Everyone sees that as a scam coming from a mile away. But I guess we will see as all that mentality rolls back into Bitcoin as crypto stagnates and lags as i think it will continue to do generally.
We're already seeing it, fake L2's and covenants are it.
I'm sure ICO's will be re-branded as well and Bitcoin hipsters will eat it up