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It’s ‘Gensler Fall’

Whatever the cost of innovation, Rari Capital has footed at least some of the bill.

Both it and Fei Protocol debuted in the aftermath of DeFi Summer in 2020 — a precursor to the 2021 bull run. Yield-farming protocols had run wild, paying out hundreds of percent interest and, in many cases, driving token prices sky-high.

With so much token liquidity flowing into all sorts of pools and protocols, a tidal wave of new projects sought to enable new ways of generating yield.

Simultaneously, more centralized lending…

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