AI lowers the barrier to DeFi development… Multicoin: "Competitiveness lies in customers, capital, and data"
Original headlineAI로 낮아진 디파이 개발 문턱…멀티코인 “경쟁력은 고객·자본·데이터”
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Multicoin Capital venture co-head Spencer Applebaum argued in a firm post that AI-driven coding tools have collapsed DeFi development barriers, cutting what once took $3 million, five engineers and six months to build a DEX or lending protocol down to far leaner AI-assisted work. With code no longer a moat, he said the durable advantages are distribution, capital and proprietary data. The intervention matters because it signals a shift in how investors will value DeFi protocols as AI commoditizes smart-contract development. Watch for how projects with large user bases, deep liquidity and unique on-chain datasets defend share against fast-following AI-built forks.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
Named in this story
Spencer Applebaum, Multicoin Capital, DeFi