Aave Drama? Founder Has A Plan! 🤯

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Okay, so Aave, that crypto lending thing? Apparently, there’s been a little… disagreement about who’s really in charge. Like a family fighting over the remote control, but with significantly more money and complicated tech. Aave founder Stani Kulechov has decided to respond with what he calls a “strategic plan.” Which, in adulting terms, means “I have a PowerPoint.”

Time To Scale Beyond Crypto – Aave CEO

Basically, Kulechov thinks Aave is too cool to just be about crypto. He wants, and I quote, a $500 trillion asset base and “tens of millions of users.” Tens of millions! That’s like… a lot of people taking out loans. He’s looking at real-world assets (RWAs) – think houses, art, Beanie Babies… okay, probably not Beanie Babies. He envisions a future where Aave isn’t just for the crypto-savvy, but for your grandma too. (Though honestly, your grandma should probably stick to CDs. Just sayin’.)

Kulechov said:

Today, most of Aave’s lending is concentrated around ETH, BTC, or leverage-driven looping strategies correlated with crypto market cycles. When I started Aave (originally as ETHLend) in 2017, the vision was to use smart contracts to power lending across virtually all asset classes and use cases.

And to do this, he’s rolling out Aave V4. Which, honestly, sounds like a vacuum cleaner. But apparently, it’s a modular architecture that’s supposed to be really safe and let people build cool stuff on top of Aave without accidentally breaking the whole system. It’s like Lego, but for finance. And hopefully with less stepping on painful bricks.

Consumer Products, Revenue, And Alignment

Now, about that control thing… Kulechov thinks the DAO (that’s the group of token holders) is great for deciding things like interest rates but… maybe not so great at deciding what color the app should be. He wants “highly opinionated teams” to build the actual products. Because, and this is a direct quote, “decentralized governance… is not suited for product-level decision making.” Translation: sometimes you just need one person to be in charge, otherwise, you get a committee-designed website that looks like Geocities. 😩

Kulechov said:

World class consumer products are built by highly opinionated teams with the autonomy to move quickly. While decentralized governance works well for protocol economics, it is not suited for product-level decision making.

He’s also promising to share some of the money Aave makes (outside of the protocol thingy) with the token holders. And he’ll have “guardrails” for branding. Which is good, because the last thing we need is Aave accidentally rebranding as something embarrassing. Basically, he’s saying, “Trust me, I have a plan!” Which, you know, is what everyone says right before things get messy. 🤷‍♀️

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2026-01-04 06:19