2020/21 DeFi Review and Outlook: Rise of Emerging Value Networks and Potential of Wall Street Interfaces

In early summer 2020, crypto investment firm Maple Leaf Capital released a comprehensive and profound research report "Ethereum DeFi Value Chain," which pointed the direction for the subsequent DeFi boom and had profound influence. At the end of the year and beginning of next year, Maple Leaf Capital released an iterative report exploring investment themes around the rise of emerging value networks and DeFi investment strategies under this theme. This can be viewed as a meaningful review of the DeFi field in 2020 and a worthwhile outlook for 2021.