Every wave of innovation has a baseline. Why doesn’t this one? It’s because we haven’t yet reached the tipping point. DeFi + RWA isn’t non-existent, but the compliance cost for launching and market-making is a bit high. However, there are plenty of opportunities with leveraged tokens. Leveraged tokens might not necessarily be the start of a new narrative phase, but I feel like we’re getting close to the threshold. Any bosses interested in launching, feel free to reach out to me for economic model design.