Crypto has like five key business models 1. Spread on aum (aave) 2. Tx fees (perps, exchanges) 3. Interface fees (gmgn) 4. Issuer fees (centrifuge, maple, ondo) 5. Float (stablecoins) Agentic finance can scale probably expand this to a sixth by doing outcome based pricing.
@joeljohn·28 may 2026
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