Seth Ginns, Managing Partner at CoinFund, discusses CoinFund's fundamental diligence process and why they favored DeFi lending protocol Aave over its competitors.
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“So we saw this greater level of engagement. We saw a fast pace of innovation, and then we were tracking engagement with the protocol itself and really just saw that they were seeing a lot of adoption and outpacing Some of their peers really because of the new product sets that they were adding. Some really innovative product sets that didn't exist anywhere else in crypto at the time.”
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“And I think Bitcoin breaking out to a new all-time high and continuing to move higher is really a reflection of that regulatory de-risking to a good extent.”
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