Crypto Scenario Insights
What happened
The integration of DeFi yield vaults by centralized platforms like Kraken and neobanks like Revolut represents a structural shift toward 'invisible DeFi.' While this 'CeDeFi' model abstracts technical barriers to capture…
What we think
The most likely outcome is the gradual consolidation of DeFi liquidity into a few highly regulated, institutionally curated vaults (50% probability), driving sticky capital to blue-chip protocols.
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The Rise of 'Invisible DeFi' — Will Neobank Integration Drive Sustainable Protocol Liquidity?
We explain what happened and what could follow. We do not forecast prices.