- Founder DeFiStani Kuleshov, the head of the Aave protocol, announced the protocol’s transition from token speculation to sustainable projects.
- The leading lending protocol has 12 months to achieve this goal.
According to Aave founder Stani Kuleshov, the leading lending protocol will pursue a “revenue-driven strategy” over the next 12 months.
A steady and stable income proves that DeFi can evolve from pure token speculation to sustainable businesses backed by financial balance sheets, wrote Kuleshov on social media.
Data DeFillama show that Aave has earned $7,96 million in fees over the past seven days and has locked up asset value (T) more than $14 billion.
Currently, no other lending protocol can match these figures. Next in size is T Morpho comes in with $7,5 billion, followed by JustLend with $3,5 billion.
Data DeFillama
Analyst DeFi DeFi Tiger drew attentionIt’s worth noting that over the past year, Aave V3 has earned more than all other lending protocols in the ranking combined. While most lending markets are still fighting for market share, Aave is already a lending tier through which DeFi carries out operations.
On May 22, the Frax news platform, which is associated with DeFi-Frax Finance platform, reported, that the total volume of deposits and loans on Aave V4 exceeded $100 million for the first time, of which $80 million were deposits and $25 million were loans.
On the same day Kuleshov wrote on social media that “Aave plans to expand its activities in the field of institutional lending and borrowing with Aave V4 and GHO.” GHO is its own stablecoin protocol with redundancy.
The plan’s implementation timeline will largely depend on maintaining the current pace of V4 implementation. Institutional integration also appears to be an integral part of the strategy, and all of these factors will help the protocol achieve its goal.
Risk Warning:
The information on this website is for informational and educational purposes only and does not constitute investment advice or financial recommendations. Cryptocurrencies and digital assets carry a high level of risk, including possible loss of capital. The editors are not responsible for decisions made based on the published materials. It is recommended that you conduct your own research (DYOR) before making investment decisions. Read the editorial policy. https://happycoin.club/about/