In this episode, Patrick Murck sits down with Punia, Co-Founder of Nashpoint, to explore why today’s DeFi ecosystem is dominated by hedge funds and crypto whales —and what it will take to return to crypto's original principals of building open, accessible financial infrastructure. The conversation dives into how DeFi has drifted toward mimicking TradFi, the limitations of current liquidity models, and how sovereign debt tokens and diversified capital bases could help reshape the onchain economy for broader participation.