Hello,
I’m against leverage for the AAVE token. We saw a collapse from $250 to $80 in a few minutes.
Leveraging AAVE carries a high risk of external attack; some actors can arrange to liquidate and tarnish AAVE’s reputation. The market always seeks liquidity and leverage.
The AAVE token should not be sold by the DAO or leveraged. I believe the AAVE token should only be used for redistribution of stkAAVE or to purchase a new project and merge the token.
I’m against leverage with the AAVE token.
I’m in favor of leverage with wBTC and ETH against $GHO, of course.
Can we have more information about the use of leverage?
I think $50M in buyback per year is reasonable. This gives AAVE investors confidence, knowing that it’s possible to redistribute AAVE’s revenue (unlike other DeFi players).
But we shouldn’t have more. I think it’s better to use as much money as possible to further develop Aave. When Aave generates $1B in revenue per year, yes, we can increase the buyback. For now, revenue is quite low, competition is fierce, we have the lead, and we must keep it and grow it.
We must focus everything on Aave’s growth and ensure that the protocol earns more and more money, and automatically, Aave’s price will reflect this.
Trillions