Thank you.

I agree to disagree.

I agree that DeFi could become useful. I tried to explain it here.

https://medium.com/geekculture/ponzi-ing-its-way-to-legitimacy-3b974c15a30a

Having said that, the fact that there is an operating / marketing, etc. team does not mean it has a productive economic output. DeFi is indeed detached from reality. It does not represent rights to future cash flows arising from production / construction, etc., but rather from capital locked-in. New money pays for the old. I tried to explain this in more detail here.

https://medium.com/coinmonks/why-the-detachment-of-defi-from-real-economy-limits-token-values-to-zero-fc95857d8be5