Yeap, I'm aware of that, I included that tweet thread in my part 2 of this event that I wrote earlier today:
It's still quite dubious though. You could argue that overall ecosystem TVL is growing because of the attention ve(3,3) has been getting. Of which veDAO has been a big catalyst. Bear in mind just a few days prior, people on Reddit were asking about airdrops, so attention was already brewing.
If you check TVL on Defillama, TVL has grown by 2.2 billion from 7.7 on the 18th of January to 9.9 right now on the 20th. While veDAO sits at 2.69 billion. You could make the case that the TVL growth is largely all because veDAO is pulling in new money. Alternatively, it could be that the ecosystem as a whole is expanding while at the same time, there's a transfer of funds from what would have otherwise been in existing protocols to veDAO. An interesting example you could use for this case is Scream Finance.
https://defillama.com/protocol/scream
Honestly, I personally don't know what is the truth behind all this and we could interpret the existing data we have in any way that we want to satiate our confirmation biases.
