Explaining for crypto people:
That 30yr mortgage @ 1.5% your friends brag about was packaged into a shitcoin with a bunch of other loans and shilled to Banks.
Liquidity has dried up as Banks can buy “safe” Gov bonds w/ a higher APR, so buyers have to HODL or lose money selling.
We use our treasury to support the growth of the Solana economy. That is, definitionally, DeFi.
But economies don’t exist in isolation. For Solana to be healthy, all of defi has to be healthy.
We like competition. We compete hard. But if we zoom out, we’re all pushing toward open finance and open systems.
We’ve deployed our treasury into Solana DeFi for many years. We supported Tether’s recovery plan for Drift.
In moments like these, it’s important to show up for the broader ecosystem too.
That’s why we are lending USDT into @aave for the first time to support their recovery efforts, and we will also be bringing $AAVE to Solana this weekend.
DeFi United
Today we are proposing the Aave Will Win Framework, a new alignment framework that directs 100% of product revenue to the Aave DAO treasury under a token-centric model.
I’m convinced the reason gold and silver are trading like Bitcoin is Tether figured out how few marginal buyers/sellers of REAL precious metals there were and how much of the market was just fake derivatives who would have to start covering as spot gets bid up.
@Crypto_McKenna I like hype but wonder if the small team eventually runs into scaling limitations. I remember in ‘21 much was made of how small, efficient and profitable the FTX team was. Also how to address motivation/alignment when they are all fully vested with 9+ figures next year?
@DeanEigenmann Of course because Enron shareholders had limited liability protections afforded by an LLC, which are not protections provided to DAOs, look at the Ooki DAO case.
And with the specific example of Tornado cash, employees did in fact go to prison so not sure your point.
Remember it wasn't the TON token holders who went to prison!
The law has not always been kind to innovators in DeFi, and many teams have taken big personal risks and spent significant resources to shield token holders from these risks and fight for innovation.
After four years, we are finally ready to share that the SEC has concluded its investigation into the Aave Protocol.
This process demanded significant effort and resources from our team, and from me personally as the founder, to protect Aave, its ecosystem, and DeFi more broadly.
DeFi has faced unfair regulatory pressure in recent years. We’re glad to put this behind us as we enter a new era where developers can truly build the future of finance.
DeFi will win.
@Fiskantes Founder leaves: scam
Founder sells tokens to fund development: scam
Founders doesn’t sell tokens but tries to monetize products built ON TOP to sustain development: scam
You just can’t win in this industry
Looking at what EtherFi has shipped in the last 12m vs Lido in the last 5yrs, it’s pretty clear to me which governance/business model is better for innovating, scaling and acquiring new users.
After two years of hard work, we’re excited to announce that Aave Labs has received MiCAR authorization from the Central Bank of Ireland to operate a zero-fee on- and off-ramp for GHO and other stablecoins.
Accessing Aave will soon be seamless for everyday users, bringing DeFi to millions across 30 EEA member states.
In a world with accelerating fiat debasement, the transformational use case for Aave isn’t yield but perpetual interest-only debt.
Investing in liquid assets and borrowing against them to fund living expenses is the only way an average person will build wealth in this new meta.
Introducing Arc, the home for stablecoin finance.
@Arc is an open Layer-1 blockchain purpose-built to drive the next chapter of financial innovation powered by stablecoins.
Designed to provide an enterprise-grade foundation for payments, FX, and capital markets, Arc delivers the performance, reliability, and liquidity builders need to meet global financial demands.
Arc features:
✅ USDC as native gas
✅ Built-in FX engine
✅ Deterministic sub-second finality
✅ Opt-in privacy
✅ Full Circle platform integration
Open, composable, and EVM-compatible, Arc is designed to interoperate seamlessly with the broader multichain ecosystem.
As part of our mission to advance blockchain infrastructure, we're excited to welcome the Malachite team and IP from @informalinc to Circle. Arc is built on Malachite’s high-performance consensus engine.
In line with our commitment to open-source development, the core software for Arc will be released under a permissive license, enabling the broader developer community to contribute, extend, and build on top.
Serving as foundational infrastructure for the internet, Arc will enable 24/7 global settlement that’s as seamless and native as messaging on the web.
Arc will enter private testnet in the coming weeks, with public testnet expected this fall.
Read the litepaper: https://t.co/2nn7o1Q6oA
Let’s build the new internet financial system together: https://t.co/fE2aTnnjrL