Syrup is interesting because its one of the lending protocols that owns the upstream of the stack (origination) My counter thesis to most on CT is instead of looking at distribution, look for moats with people with cornered resources (exclusive supply). They have stronger moats

Of course, all metas would end. So what's next after Syrup especially when there are more "copy cats"? Easy, since origination and their utility scales with market size, the one with the most accessibility to a large market with high market share would win