Few people realize that a large-scale arms race is currently happening openly on @base. One side is the biggest DeFi venue in the world, while the other is a cartel of VC-controlled pawns. One side spends cash, and the other throws gov tokens into the pit as if there's no tomorrow. At Aave, since our resources are a flow (local profits + from other instances) and theirs are a stock (gov tokens only as they don't have revenue), we can safely raise the bids to make their side feel *phyrric* about any outcome. They signed fixed-term deals, and raising the stakes is creating a black hole in their resources, a concern Aave simply doesn't face. Years from now, analysts will write extensively about how this war shaped the future of DeFi. Meanwhile, as a bystander, feel free to enjoy the gud yield the war creates. Just Use Aave.
TokenLogic
TokenLogic7 jam lalu
$200M of $USDC now deposited on Aave Base! The Base Incentive Campaign was launched on July 23, and since then, USDC deposits on @base have grown by 22.7%. This campaign was led by TokenLogic and @aavechan, with a clear objective: grow the Aave Base Market. It seems the collaboration is working — the recent growth speaks for itself.
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