simo
@alphaleaked
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Protocol Growth @aave | Macro + Crypto
Citadel
Joined June 2019
Today marks the start of a new chapter. Protocol Growth at @aave. I’ve been in crypto since before DeFi even existed. I followed ETHLend from the very beginning. And I’ve lived this space from every angle: → operator → investor → farmer 👨🌾 → liquidator After all these
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This chart is very bullish for DeFi and for Aave. While TradFi yields depend on central banks, Aave yields are driven by market demand. We’re entering an era where interest rates will go down and that will boost DeFi utilization and Aave rates. Just use Aave.
Does Federal Reserve monetary policy impact DeFi markets? This post explores the history of the Fed's monetary policy and its relationship with DeFi, highlighting why Aave stands out in the current cycle.
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USDC and USDT 👀
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I think the elephant in the room that some don't want to highlight too much is that the risk curve associated with poor collateral grows exponentially, while with years of market data, we can now confidently state that the yield curve grows linearly. Do you want to go 10-50x
1/ Every architecture involves tradeoffs. Good design allows you to design a system where, for every unit of risk you take, you earn the most reward, and for every unit of reward you take, you incur the least risk. From a liquidity risk PoV, Morpho's model is suboptimal.
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1/ Every architecture involves tradeoffs. Good design allows you to design a system where, for every unit of risk you take, you earn the most reward, and for every unit of reward you take, you incur the least risk. From a liquidity risk PoV, Morpho's model is suboptimal.
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the first AI that makes sense for crypto. @0xngmi 🐐
Introducing LlamaAI. Turn a single prompt into deep analysis, original charts, and real insights. Now available to DefiLlama Pro subscribers.
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These are the users paying the rates curators market as “returns.” Most of the “prime” vaults just lend their USDC to Coinbase users… and curators still charge a performance fee on top 🫠 Just use Aave.
$850M now That’s 17x growth in 7 months If you’re holding idle Bitcoin and want to get cash, this is the way Directly in the @coinbase app, powered by @MorphoLabs on @base
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Few things on Aave 👇 One of the few real DAOs Our token holders are the priority. Others dump tokens to survive. Aave commits to a $50M annual buyback. We don’t spend a single AAVE token unless the outcome is clear for our token holders. Real revenues. Real users. Real value.
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Attention list for yield-bearing stables (heavy 7d TVL outflows)↓ • xUSD -100%, depegged • deUSD -100%, depegged • csUSDL -83% (Paxos winds down USDL, withdraw before Dec 6) • USDx -83%, depegged • yUSD by @GetYieldFi -71%, still stable • srUSD by @reservoir_xyz -64.5%,
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Great read on why risk management in DeFi lending is paramount by @chaoslabs. Risk management is still one of the most underdeveloped areas in DeFi lending. Asset managers ≠ risk managers. They’re incentivized to chase returns, not to model tail risks. All yield is not equal
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A simple v4 Coinbase Hub will outperform every vault. Coinbase users will make more money. World gets better. Just use Aave.
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Do you want to build a yield-bearing stablecoin? Take notes from Ethena. G, Nick and the team are obsessed with making the system more transparent, resilient, and impossible to FUD. - Transparency dashboards - Clear collateral composition updated continuously - Independent
app.ethena.fi
Enabling Internet Money
USDe Proof of Reserves are typically provided on a weekly basis by 3rd party independent attestors including leading firms such as Chaos Labs, Chainlink, Llama Risk and Harris & Trotter. On request from the community, we have provided a Proof of Reserves outside of the regular
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Big names are coming in, one by one. Aave will be integrated by every major institution. We’re building the financial infrastructure of the future. Trillions.
VBILL, @vaneck_us tokenized Treasury fund, is live as collateral on Aave's Horizon RWA market. VBILL offers stable yield with daily liquidity by investing in short-term U.S. Treasuries.
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this screen is the main guarantee behind a stablecoin worth half billy curators deployed users money in markets using this as collateral
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Entropy in crypto is growing too fast We don’t need a new yield-bearing stable every week. We need trust, resilience, and strong foundations Aave is here to build the infrastructure of finance, smtng that can outlast the cycles For our kids For AI For the future Just use Aave
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I just got off a call with a large institution that told me: “Liquidity crunches like this are unacceptable. How could we ever justify that to our clients? They’d lose trust not only in crypto, but in us. Integrating a product means validating it.” That line hit me hard.
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The core issue with the curation vault model lies in the illusion of isolation. Curators are meant to manage distinct strategies and segregate risk, yet in practice, they all end up supplying liquidity to the same underlying lending markets. What is designed to promote
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In TradFi people hire advisors to analyze risk for them. Curators should do the same. But here’s the problem. If they truly do their job right, their net returns would be equal or lower than Aave’s rate. Especially once you remove the incentives that the protocols token
DeFi lending lives and dies by trust. One of the biggest mistakes is trying to compare DeFi lending with AMM pools because they work in completely different ways. Lending only works when people believe the markets are sound, that collateral is solid, risk parameters make sense,
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