The Defi bull market, started by COMP liquidity mining in Summer 2020, has turned many Defi protocols into rapidly growing revenue monsters. You would assume that this puts them in a comfortable financial position, and a superficial look at DAO treasuries seems to confirm that. For example, OpenOrgs.info suggests that the top Defi protocols are sitting on many hundreds of millions or – in Uniswap’s case – even billions of dollars.
