DeFi Evolves in Primitives Every cycle in DeFi has been defined by one breakthrough primitive. - v1 (2018–2020): AMMs abstracted liquidity. @Uniswap let anyone trade without a counterparty. - v2 (2020–2024): Perps abstracted leverage. Platforms like @dYdX, @GMX_IO, and @HyperliquidX brought native derivatives on-chain. Both changed the industry by collapsing complexity into simple primitives. The question now: what defines v3? I believe it’s agents. ● Why Agents? On paper, agents look like bots. In practice, they’re a structural shift. 1. Users set an intent, and agents execute the full workflow across multiple protocols. 2. No manual approvals, gas juggling, or multi-step transactions. 3. Execution becomes automated and optimized, not managed step-by-step. The same way AMMs made liquidity accessible and perps made leverage native, agents can make execution invisible. That’s why agents are a primitive, not an application. ● @Infinit_Labs as case study Infinit V2 is one of the strongest live examples of this transition: ➢ One-click strategies: What used to be a 4–6 step process in DeFi (LPing, farming, levering) compresses into one action. Check out this one-click strategy to farm @arbitrum's DRIP incentives — ➢ Agent swarm: Specialized modules for discovery, execution, and risk. ➢ Non-custodial design: Assets stay in user wallets. Execution happens via the rail, not the custodian. This looks less like “a new yield app” and more like the execution layer. ● My Take When I look back: - AMMs made markets liquid. - Perps made leverage native. - Agents could make execution invisible. Infinit V2 feels like the early blueprint. And $IN is the test case for how value accrues to this new primitive.