Aave, a leading entity in the decentralized finance (DeFi) sector, has demonstrated remarkable financial performance with close to zero token incentive spend and approximately $6 billion in outstanding borrows. The strategic plan initiated in November 2022, supported by the Aave Decentralized Autonomous Organization (DAO), aims to eliminate AAVE token spending entirely, replacing it with wETH and GHO distributions to stakers. This move is projected to maintain a net profit of $45 million. Aave's success is attributed to its focus on product quality over narrative or venture capital interests, with the Aave DAO currently earning over $120 million annually. This financial health positions Aave to lead in the next generation of protocol development and network expansion, with expectations to scale DeFi to trillions.
Permissionless leverage ๐ https://t.co/wX7DCyRlWo
"Just use AAVE" should be $AAVE's new slogan. So many people over the years used newer lending markets trying to squeeze out a few % extra in yield only to lose much of their funds to exploits. AAVE is more dominant in lending than Uniswap in dex and I think there is a reason. https://t.co/NeYwYOdJE1
The Inverse Finance DAO treasury ๐ now at ATH ๐ . LGTM. https://t.co/71WP5uSiAo
When looking for crypto projects with good fundamentals, this is a great example of things I look out for. It's very similar to tradfi: what are the customer acquisition and operating costs, profits, revenue streams and if it can grow organically. Good job @aave ! ๐ป https://t.co/WnFIIl8Krj
The reason is simple, Aave built the best product for the users. We didnโt build for the narrative or for the VCs. Now the Aave DAO is earning above 120M annualized and is ready to build the next generation protocol and expand to new networks. DeFi will scale to trillions. https://t.co/5gy23CiKfg
The plan we had when launching @AaveChan in Nov 22 is executing perfectly thanks to DAO support. The next step is to cut all AAVE spending to zero & replace them with wETH & GHO distributed to stakers. We can do it right now and still have 45m$ net profits. TEMP CHECK soon. https://t.co/Wdr5LlV8vN https://t.co/WXykeJpxWT
Bootstrapping done right? Case study: @aave w/ close to zero in token incentive spend and ~$6B in outstanding borrows. ๐๐ https://t.co/VOvXOEuWGd