Cardano’s DeFi TVL just slipped to $50M, while its 120M $ADA PRIME program targets $290M.
That is a $240M mountain to climb.
However this is the factor. Throwing incentives at liquidity that disappears when rewards finish is a shedding recreation. Cardano wants DeFi apps that make capital need to keep.
Construct actual demand first. Then let PRIME pour gasoline on the hearth.
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