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StaniKulechov
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It was a pleasure to meet today @BoHines at the @WhiteHouse and discuss @aave and how to protect
DeFi
innovation in the U.S.
DeFi will win.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.
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StaniKulechov
@StaniKulechov
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Just use Aave. Solo usa Aave. Utilise simplement Aave. Verwende einfach Aave. Usa semplicemente Aave. Basta usar o Aave. Просто используй Aave. とにかくAaveを使って。 그냥 Aave 써. 只用Aave就行了。 فقط استخدم Aave.
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Had an eventful week in D.C. as the Genius Act and Clarity Act were in the works. The SEC held discussions on fostering a spirit of DeFi innovation in the U.S. Kudos to Congressman @tomemmer for fighting for crypto innovation and SEC Crypto Task Force for their efforts on DeFi.
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The new Aave staking module, Umbrella, has a positive and uplifting effect on the Aave Protocol. The Aave Protocol is transitioning from using $AAVE as a last-resort excess debt backstop to utilizing aTokens supplied by users through Umbrella staking to generate additional yield. Additionally, the Aave DAO can configure each staking pool with a predefined coverage amount, which serves as the first line of defense before staker funds are used as a backstop. This system strikes an optimal balance by enabling both users and the Aave DAO to mitigate protocol risk without the need to slash any $AAVE. While other protocols focus on risk-taking and increasing tail risk, Aave is solidifying its position as the most secure and well-backstopped lending protocol, thanks to a community that prioritizes user safety. This is just the beginning. Aave V4 will introduce even more innovative risk management features for the benefit of users and integrators. Just use Aave.
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Stake till you make it.
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Decentralized social feels to me like DeFi felt in 2017. Seeing experimentations and early primitives. Today we have portable accounts, onchain usernames, onchain social graphs, onchain feeds and onchain groups. Next we'll see new application layer built with these primitives.
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