cryptographic 🦞

Business development & protocol growth @aave | prv: @avon_xyz underwater @10b57e6da0 🦞 full time observer of market delusion.

[cryptographic 🦞 @cryptographicas]

Ok I just read through vitalik’s paper and if the vision he outlined is executed the implications are absolutely insane especially for the app layer.

The paper is basically Eth’s plan on how they will enable computation off chain with Eth verifying the result (ensuring computation occurred and what it did etc etc).

Now what this means is the definition of “onchain” itself changes, because instead of every part of an app having to execute inside a smart contract you can push a huge amount of complexity elsewhere and still inherit ethereum’s guarantees, this really does open up a huge amount of design space especially for DeFi.

For example with lending you could have really sophisticated systems analysing collateral, liquidity, borrower behaviour and market conditions offchain, with multiple solvers or execution systems competing to produce the best outcome, like the cheapest liquidation route, best refinancing rate, best collateral swap or best way to match borrowers and lenders all while the protocol only accepts outcomes that satisfy its rules.

So basically a lot more of the smart stuff behind a financial product can happen outside the smart contract, while Eth still acts as the final layer that checks the rules were followed and makes sure the money moves exactly as it should.

The MEV implications here are quite interesting too because more economic activity happening before settlement means more value moves upstream into who gets the information first, who computes the best outcome and what gets presented to Eth.

But the thing I’m most bullish on is what this does to the TAM of Eth just because this vision means ethereum doesn’t have to be fast enough to do everything itself it just has to be able to verify everything that matters.

And that’s an enormous difference.

It’s literally a world computer.

[vitalik.eth @VitalikButerin]

The cryptographic world computer:

https://t.co/LF2JGU38Rx

My attempt to express in somewhat concise terms the true meaning of basically everything planned to happen to Ethereum starting from the fork after Hegota. It's really not just a blockchain anymore. It's a hybrid architecture that combines together blockchains and modern cryptography, to enable much more powerful properties.

FOCIL, EIP-8288, Lean consensus, state management, formal verification, advanced mempool improvements (including privacy), and the longer-term specter of obfuscation all mentioned.

[Stani @StaniKulechov]

LlamaRisk proposes repositioning Aave V3 Core, Aave's largest market, to focus on liquid, blue-chip collateral.

The proposal would remove several categories of exposure:

1. Restaking assets
2. Leveraged wrapping strategies
3. Issuers whose operational and security resources fall short of Aave's risk standards
4. Low-demand reserves that no longer justify ongoing maintenance

This means potentially moving $1.52B in collateral backing $1.17B in debt out of V3 Core in favour of blue-chip collateral.

As the risk landscape evolves and Aave V4 grows, the goal is to sharpen V3 Core's risk profile and raise the bar for collateral eligibility.

Some affected assets could transition to isolated Aave V4 markets, where more granular risk controls allow for better risk-reward alignment.

The proposal comes from LlamaRisk, an Aave Protocol Risk Manager, and remains subject to governance discussions and engagement with asset issuers.

Aave will continue applying continuous risk assessment for all assets across all deployments.

[cryptographic 🦞 @cryptographicas]

@jrdothoughts @SentoraHQ @aave 👻

[cryptographic 🦞 @cryptographicas]

3 weeks since launch and Sentora’s V4 hub already has $100m in deposits!

V4 is opening the floodgates to an entire ecosystem of lending markets built on Aave infrastructure, enabling operators to build, scale and own their own credit markets.

And we’re only getting started.

[Sentora @SentoraHQ]

Sentora’s Aave V4 deployment has passed $100M in deposits.

Our Ethereum Liquidity Hub runs the first externally curated markets on @aave V4, with borrowing in RLUSD, PYUSD and OUSD.

[cryptographic 🦞 @cryptographicas]

@shihyumo @0xPrince @serayush @saurabh_evm @mihir_1101 Thank you yumo!

[cryptographic 🦞 @cryptographicas]

Wanted to give a special shoutout to @0xPrince , @serayush , @saurabh_evm and @mihir_1101 .

Building Avon with you guys has been an incredible experience and the highlight of my career, we had our fair share of challenges and moments where things really weren’t easy lol, but I wouldn’t trade the experience for anything.

I’m genuinely proud of what we managed to build together, but even more grateful for the people I got to build it with.

Couldn’t have asked for a better team to have shared this journey with, proud of you boys and excited to keep building together at Aave.

Onwards 👻❤️

[Aave @aave]

Aave Labs has acquired the team and technology behind @avon_xyz, one of the leading companies working on fixed-rate lending onchain.

The Avon team brings deep protocol engineering and market-structure expertise to Aave Labs as it expands onchain lending for a mainstream audience.

[cryptographic 🦞 @cryptographicas]

@Paul_Laulan @avon_xyz Thank you man 🙏🏻

[cryptographic 🦞 @cryptographicas]

Pretty surreal seeing @avon_xyz become part of Aave.

We’ve spent the last few years tackling some of the hardest problems in onchain lending and pushing ourselves to build things we genuinely believed could move the industry forward. It’s been one hell of a ride and I’m incredibly proud of what we’ve built together.

Massive credit to the entire @avon_xyz team for everything we’ve accomplished together and a huge thank you to everyone who backed us and supported us along the way.

I’m extremely excited to be joining Aave and continuing what we started at Avon, there’s a lot more we want to build and I can’t think of a better team to do it with.

Avon was just the beginning now it's time to bring the rest of finance onchain with @aave 👻

[Aave @aave]

Aave Labs has acquired the team and technology behind @avon_xyz, one of the leading companies working on fixed-rate lending onchain.

The Avon team brings deep protocol engineering and market-structure expertise to Aave Labs as it expands onchain lending for a mainstream audience.

[cryptographic 🦞 @cryptographicas]

@pdotal @avon_xyz Thank you bro!

[cryptographic 🦞 @cryptographicas]

@0xPrince @serayush @saurabh_evm @mihir_1101 The A team

[cryptographic 🦞 @cryptographicas]

@BaptisteCota @avon_xyz Thanks sir, looking forward to it!!

[cryptographic 🦞 @cryptographicas]

@DuckDegen Appreciate you bro! Thanks for all your support and help over the years!

[cryptographic 🦞 @cryptographicas]

@luigidemeo @aave Just use aave.

[cryptographic 🦞 @cryptographicas]

@0xEshwar @avon_xyz Thanks bro appreciate you!!

[cryptographic 🦞 @cryptographicas]

@0xAlexKorn @avon_xyz Appreciate you !

[cryptographic 🦞 @cryptographicas]

@bwelch13 @avon_xyz Thanks a lot Billy!!

[cryptographic 🦞 @cryptographicas]

@ayimafo Thank you!!

[cryptographic 🦞 @cryptographicas]

@serayush @0xPrince What a journey it’s been man! Onwards

[cryptographic 🦞 @cryptographicas]

@superdapp @avon_xyz Thank you! Onwards and upward

[cryptographic 🦞 @cryptographicas]

@swtkg23 @avon_xyz Thank you 🙏🏻

[cryptographic 🦞 @cryptographicas]

@eldarcap @aave @avon_xyz @Morpho Let us cook 🧑‍🍳

[cryptographic 🦞 @cryptographicas]

@joakimhi @avon_xyz Thanks sir