The @aave DAO dropped their State of the Union address and here's some of the main points you need to know 👇 ✦ Aave's net current annual revenue is higher than the combined cash reserves of their competitors. ✦ Active Loan Dominance is at 66% ✦ Treasury sits at ~$320M with annual revenue at ~$130M ✦ Possible enshrinement of $AAVE buybacks at a rate of 500k-1M a week ✦ More than 86% of Aave revenue comes from Mainnet, states more than half of L2/alt L1 deployments are not economically viable ✦ Will publish proposals in the future to leave behind deployments on underperforming chains ✦ Will focus on chains with CeDeFi distribution like @inkonchain or chains with a "critical native element" like @PlasmaFDN ✦ Now formally against friendly forks by third parties ✦ Any approved forks within a new framework must "provide a larger revenue share and should never issue new protocol tokens so as to not dilute the value of Aave" ✦ Focusing heavier on $GHO going forward, supporting...
Published one of my most important posts on the Aave governance forum.
If you want to know what the next steps and strategy we are supporting for Aave, have a read.
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