True there is no regulation over Aave but I feel the reputation of Aave is at risk. Aave is a huge platform and if I’m a whale borrowing millons of ampl at one apy, but it’s really another apy, that could be the difference of millions of dollars. It really makes it hard to trust what’s going on while using Aave and creates a poor user experience
Also there is no disclaimer, any lines of text or anything to at least inform borrowers of the true apy that they are borrowing against.