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@AaveAave is starting native Credit Delegation (CD). Aave depositors can delegate their credit lines. For example, Karen deposits an asset such as USDT to @AaveAave and delegates her credit line to Chad, who draws funds such as ETH from Aave Protocol. pic.twitter.com/MwU1faThIi
— stani.eth Credit Delegation is so hot right now 👻 (@StaniKulechov) July 7, 2020
Why has ParaFi invested in Aave?
Pac Man Theory of DeFi 👻 : big protocols eat small ones. Why?
- build faster + secure 🔐
- have + distribution🌀
- have + liquidity💧
- have + $ to incentivize supply (LPs) & demand💰⚖️
Will be interesting to see how much consolidation (“winner take all”) happens in the space
— Santiago R Santos (@santiagoroel) July 7, 2020
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.