Haseeb Qureshi is a managing partner of Dragonfly Capital, a well-watched crypto venture firm. When asked "How has your investment thesis changed in a non-ZIRP [zero interest-rate policy] environment?" He stated:
The biggest change has been the demand for [decentralized finance]-sourced yield. This was a big theme of what made DeFi attractive in a ZIRP environment. Now the appetite for risk has totally changed, so in order to gain traction with consumers, you have to do more than just create synthetic high-yield products.
