So far this year 74% of $AAVE revenues from borrowed interest come from stablecoins.
What happens when stablecoin supply 10xs and the proportion that is idle declines?
This is my justification for why $AAVE trades at a ~50x revenue multiple
What happens when stablecoin supply 10xs and the proportion that is idle declines?
This is my justification for why $AAVE trades at a ~50x revenue multiple