Aave founder hints at developing ‘Twitter on Ethereum’

Aave founder Stani Kulechov informed his 90, 000 Followers on twitter on Saturday that their platform should build “Twitter on Ethereum” after Jack port Dorsey said he had been developing a new Bitcoin (BTC)-centric financial services platform with impressive similarities to Aave. Dorsey tweeted Thursday that Sq . Inc., his mobile transaction company, was creating a new company “focused on building a developer platform with the only goal of making it simple to create non-custodial, permissionless, plus decentralized financial services. “
The particular tweet, which has received more than 34, 000 likes during the time of publication, indicated that Bitcoin would be the primary focus. In the response, Kulechov implied that will Dorsey’s business idea is comparable to Aave, an open-source, non-custodial DeFi protocol that enables customers to borrow assets plus earn interest on build up. While it’s not entirely very clear whether Kulechov’s Twitter-on-Ethereum strategy is serious, he stated Aave co-founder Jordan Lazaro Gustave would lead the time and effort.
Aave has emerged among the most popular DeFi protocols available, with demand for its providers growing even among conventional investors. As Cointelegraph documented, Aave has plans in order to launch a permissioned edition of its platform for institutional investors as early as this 30 days. Related: Funds locked within Aave soar past 20 dollars billion amid layer-two embraceDorsey’s plan to bring DeFi in order to Bitcoin follows an statement from early June that will Square is exploring the introduction of an open-source BTC equipment wallet. The entrepreneur offers reiterated the importance of self-custody as well as the need to onboard new crypto users through mobile technologies.