The evolution of decentralized banks: Abracadabra Money

The DeFi 2.0 narrative has been occupying the mindshare of many crypto natives recently. 

DeFi 2.0 focuses on optimizing capital usage by leveraging the present core DeFi stacks. To that goal, it extends the functionality of the core DeFi protocols through a number of methods: acquiring users' funds rather than renting them, making use of the composability of the DeFi money lego, and expanding DeFi beyond the Ethereum chain.

Olympus DAO has often been set up as the poster child for DeFi 2.0. It is essentially a protocol that aims to be a decentralized reserve currency completely bootstrapped by a community of users. To learn more about Olympus DAO, you can read The Block Research’s coverage of it.