Post by: newshunter on May 01, 2021, 01:00:49 AM
Will Inverse set a precedent for protocols acquiring protocols?
Source: Inverse Finance acquires Tonic Finance in possible first-ever DeFi protocol merger (https://cointelegraph.com/news/inverse-finance-acquires-tonic-finance-in-possible-first-ever-defi-protocol-merger)
Would appreciate your opinion about this
Post by: TomPluz on May 01, 2021, 06:15:46 AM
Acquisitions and mergers are very popular in the world of business, and we know how Google and Facebook -- and Binance in the cryptocurrency market - have been buying firms they know can be complimenting and expanding their market reach and revenues. Right now, in the world of DeFi I can already sense some overcrowding, so maybe mergers will be a trend to watch here. And Inverse and Tonic can just be the start...and be recorded as the first on this move in DeFi.