This podcast episode highlights the essential elements that contribute to the success of a DeFi protocol, as emphasized by Lee, who reflects on his journey from skepticism to understanding the importance of distribution, persistence, and community. The discussion covers Pendle's innovative approach to yield tokenization and interest rate swaps, the rising popularity of points in DeFi, and the company's strategic focus on partnerships and expansion, including ventures into the Bitcoin ecosystem. Lee's insights not only shed light on Pendle's transformative potential within the DeFi landscape but also resonate with his passion for culinary arts, underscoring the artistry involved in both cooking and entrepreneurship.