The moment agents become profit incentivised they'll end up running their own treasuries. Think it through. An agent executing across three layer 1s and a few layer 2s ends up holding a bunch of tokens. Suddenly its making asset allocation decisions... which to hold, where the yield is, what to do with excess cash flow. It sends that into DeFi or hires another agent to manage the yield and another to allocate. A corporation runs a treasury at human speed, with meetings and sign offs. An AI corporation will run one wildly differently. It'll be machine speed, around the clock, with agents all the way down. That's the entire autonomous stack forming, and most of it will inevitably happen in DeFi. Its the only financial system an agent can plug straight into. Which is funny, because humans never really took to DeFi. Its clunky, everything takes a dozen steps, and chasing yield across protocols is more effort than most people will ever put in. But none of that matters to an agent. We built the financial system agents needed a decade before they showed up.(Raoul Pal)