BlackRock’s controversial nature aside (obviously the internal sentiment is “it’s worth it”), the only thing that really bothers/isn’t clear to me is this –
“Additionally, BUIDL holders must be registered/allowlisted, meaning the GSM itself must also be registered.”
Does this mean only certain Aave holders/users would be able to participate and/or receive BUIDL as yield/incentives, a permissioned pool of sorts? I would understand this as only certain Aave holders/users will directly benefit and most indirectly, if at all (you could consider a move like this to be growth which of course would be good for the entire Aave community).
I’d really like to know how or if this integration would directly affect any of Aave’s borrowing, lending or minting of GHO. Is it simply that this would grow Aave’s overall AUM/fees/revenue? The community of course would see a benefit but if it is only PERMISSIONED users…I don’t like that.