Previously BD @avax | Founder @CUBlockchain
Miami, FL
Joined July 2019
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This is aging well.....
If you are not aware - AAVE is about to rip face and be one of the darlings of this cycle.
Coinbase just launched tokenized stocks on Base — AAPL, NVDA, META, GOOGL live, trading 24/7.
For lending, they named ONE protocol: AAVE
There are only 3 major platforms that will bring stocks on-chain with distribution (Robinhood, Hyperliquid, + Coinbase) and one of them just told you who the lending leader is 👀👀 👇👇👇
Joe Ferrara 🔺 retweeted
1. Not true in terms of profitability.
2. The collateral that was exploited was onboarded largely by those who left, including ACI/BGD. This includes the monitoring of the 1/1 DVN on $1b+ asset.
3. The revenue growth and subsequent decline you consistently cite is just very correlated to ETH price and market conditions.
4. The buyback was paused to deal with the aforementioned mess that was left.
I would HIGHLY recommend and advise you being very thoughtful on what you say about Aave going forward. Thank you - wishing you and the new team all the best.
Joe Ferrara 🔺 retweeted
BREAKING: Digital dollar giant @ethena launches global Neobank, built exclusively on Avalanche
Ethena Pay brings everyday banking onchain, with Avalanche powering the rails behind it. Save, send and spend USDe anywhere in the world, directly from your phone.
Ethena already has a major footprint across global finance, with USDe as the primary collateral for Robinhood’s crypto earn product, integrations with BlackRock’s Aladdin platform overseeing ~$25T in assets, and availability across 100+ venues and protocols.
More than 5 billion adults globally already use financial accounts, making banking one of the largest addressable markets in the world. Now, Avalanche is powering the new, digital generation of banking.
The next generation of banking is being built on Avalanche.
Joe Ferrara 🔺 retweeted
A lot has changed since I started my career in Washington.
I spent years working in and around government, including at the CFTC, before moving into financial markets and eventually finding my way to crypto to where I am today, President of Ava Labs.
It’s not exactly the career path I would have predicted.
But having sat on different sides of the table, as a regulator, an operator, and now a builder, I’ve learned that the most interesting problems usually live somewhere in between.
That’s a big part of what brought me here.
I’m looking forward to sharing more about that journey, what I’ve learned along the way, and why I’m excited about what we’re building at Avalanche Summit in New York, September 16–17.
And more importantly, I’m looking forward to meeting more of the people behind this ecosystem.
If you’re there, come introduce yourself. I don’t bite.
Joe Ferrara 🔺 retweeted
If you are not aware - AAVE is about to rip face and be one of the darlings of this cycle.
Coinbase just launched tokenized stocks on Base — AAPL, NVDA, META, GOOGL live, trading 24/7.
For lending, they named ONE protocol: AAVE
There are only 3 major platforms that will bring stocks on-chain with distribution (Robinhood, Hyperliquid, + Coinbase) and one of them just told you who the lending leader is 👀👀 👇👇👇
If you are not aware - AAVE is about to rip face and be one of the darlings of this cycle.
Coinbase just launched tokenized stocks on Base — AAPL, NVDA, META, GOOGL live, trading 24/7.
For lending, they named ONE protocol: AAVE
There are only 3 major platforms that will bring stocks on-chain with distribution (Robinhood, Hyperliquid, + Coinbase) and one of them just told you who the lending leader is 👀👀 👇👇👇
For the investors: Aave is already the largest lending protocol in DeFi — ~$18B TVL across 20+ chains, up 25% in the past month.
TradFi stock lending printed $9.1B in fees in six months. Aave just became the default venue as that market comes on-chain.