We believe L2 (Optimistic rollup) + POW is the way forward for Crypto scalability in an anti-fragile manner.
ETH PoW (as of late September 2022) does not have a meaningful DEFI ecosystem. Most tokens and projects have migrated to PoS and there is a lack of most key infrastructure. We do not have Oracles, Lending Markets, or even swaps (not enough widely used tokens).