DeFiLlama Founder: Over the past two months, traditional institutions inquiring about Decentralized Finance have increased more than ever, and KOL has mentioned two protocols that are worth following.

Recently, DeFiLlama co-founder @0xngmi stated on Twitter: "In the past two months, DeFiLlama has received numerous inquiries from traditional financial institutions regarding DeFi data, far exceeding the usual amount. It feels like traditional finance's interest in decentralized finance has significantly increased."

AAVE is the most standardized on-chain lending, positioned as a composable, non-custodial banking system.

KOL Yueya.eth also pointed out on Twitter that established protocols such as AAVE and Curve are the easiest to enter the institutional perspective of Decentralized Finance. He analyzed: "This is an important signal: TradFi is systematically studying DeFi. They are not here to chase narratives, but are reassessing: which protocols have clear structures, controllable risks, and clear return logic. In other words, which can enter their risk control framework and allocation models."

He believes that Aave is the most standard structured on-chain lending protocol, with floating interest rates, collateral rules, liquidation thresholds, logical standards, parameter transparency, etc., all clearly visible. The isolation market mechanism introduced in the Aave V3 version aligns with the institutional "risk partitioning" management philosophy. The author adds: risk partitioning is the process of classifying the assets, clients, or businesses of financial institutions into different risk levels through the analysis of risk-related data ( such as credit risk, market risk, operational risk, etc. ) A bank's alert to users is one such example.

In addition, Aave's full-chain data is open and user-friendly, making it suitable for risk control modeling and backtesting. In short, for TradFi, it resembles a "composable, non-custodial banking system."

Curve is the underlying liquidity layer for stablecoins.

Curve is the underlying liquidity layer for stablecoins, with its low-slippage AMM mechanism supporting large stablecoin exchanges, making it a natural "on-chain foreign exchange market." The veCRV comprehensive bribe model is gradually understood as a structure that combines on-chain governance and yield rights.

He pointed out that under the major trend of stablecoins becoming cross-border settlement tools, their systemic role is increasingly being focused on. Institutions research Curve not to speculate on price fluctuations but to understand clearing efficiency and governance rationality. What they seek is not narratives, but structure.

What kind of DeFi can enter the view of institutions? Currency price is not the focus, data is clear, and returns are predictable.

In summary, he believes that whether DeFi can enter the view of traditional financial institutions depends on:

Is the data structure clear?

Is the yield model predictable?

Can the risk parameters be implemented?

Can it be integrated into the existing system?

By the time these protocols are truly validated through institutional research, testing, and modeling, the market's pricing methods for them may have already changed.

This article DeFiLlama Founder: In the past two months, inquiries about Decentralized Finance from traditional institutions have increased more than ever, and KOL has pointed out two protocols worth paying attention to. Originally appeared in Chain News ABMedia.