Theo teams up with Felix Protocol: Two founders share the stage to unveil the endgame of 'Institutional-grade DeFi' Theo Network @Theo_Network's latest tweet features an in-depth conversation between its co-founder TK Kwon and Felix Protocol co-founder Charlie on The Crypto Beat show. This is a meeting of minds between two key players in the Institutional DeFi space, as they redefine the future of on-chain money markets—where RWA meets complex derivatives trading. ■ From TVL to 'Capital Utilization' During the discussion, TK and Charlie highlighted a paradigm shift in DeFi's core metrics: ❌ The old era: Focused on TVL (Total Value Locked), even if the capital was stagnant ✅ The new era: Focused on Utilization (Capital Utilization), with Theo and Felix both committed to making on-chain capital 'move.' By introducing RWA (Real World Assets) and Cross-chain Liquidity, institutional funds can not only be stored but also generate profits through efficient lending and derivatives markets via high-frequency trading. ■ Felix Protocol's Role Felix Protocol is one of the most promising liquidity hubs within the Theo @Theo_Network ecosystem. Felix specializes in building efficient on-chain money markets, while Theo @Theo_Network provides institutional-grade trading infrastructure (such as ultra-low latency market-making algorithms). Felix, in turn, develops lending and liquidity strategies on top of this foundation. Theo Network is creating a Wall Street-standard DeFi ecosystem by connecting high-quality protocols like Felix.