Composable money is like financial building blocks
danielmcglynn.com Composable money is like financial building blocks |
AI summary of the linked articleComposability is presented as a major value of open, permissionless money systems, letting financial products be built like modular Lego bricks rather than rigid, siloed services. The article says composability lowers the cost and capital needed to launch financial products, and it cites token standards ERC-20 and ERC-721 on Ethereum as building codes that expand what can be built. It also gives examples including yield farming and liquid staking, tokenization of real-world assets such as real estate and fine art, decentralized exchanges, interoperable NFTs, and DAOs. |
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