Uniswap, DyDx, and Lido had great technology and their mindshare caused them to establish themselves as premier DeFi protocols. Uniswap generated a memorable brand by focusing on design simplicity and user experience. dYdX listened to its customers from the beginning and was not afraid to pivot from a dApp to its own L2 and finally migrate to a sovereign chain. Lido's bias for action, exemplified by its use of permissioned validator sets to start, allowed it to ship quickly and integrate rapidly with various other protocols.
Friday, April 19, 2024