I'm Merlin. I'm co founder of Morpho.
I think if ARC wants to go into that sector, you need to put a lot of resources on education and building those products that are necessary for them to come, so the wallet infrastructures, etcetera. I think we really need to onboard all those institutions, fintech, centralized exchange into DeFi because right now, it's still kind of above all. But outside of that, like, there's many people that, okay. I've I've a great experience with my neobank or I've a great experience with my bank. What why setting a wallet and, like, writing those twenty four words, etcetera?
It's still too complicated. At the same time, fintech, centralized exchange, banks, they see the benefits of integrating DeFi. It's less intermediaries. It's more transparent.
You don't need to wait for the quarterly report. You have real time data. It's more efficient. You have have access to global liquidity.
So it makes sense because they will provide a better service to their end users and at the same time be able be able to take more margin and be more profitable while having, like, providing that better service to users. So I think we need to go to those actors and build the tool, the missing to missing tools to onboard them as fast as we can so that instead of competing for that same resources, we just grow the pie. And I think this is the way we're going to scale our DeFi.