Content
@
0 reply
0 recast
0 reaction
ted (not lasso)
@ted
wait so the “FC is too centralized” team also happens to be the “bridges can only deposit assets on our protocol, not another” team which is also the “we’ll sponsor you, but you can’t build on WC” team that is also the “we have our own wallet, lending, stablecoin and social network” team? no? yes?
11 replies
5 recasts
81 reactions
Pedro
@pedrowww
It's a little deeper than that. Aave's take on the Polygon proposal makes a lot of sense from a risk management perspective. Simply put, you can't use deposits without holders' consent (they haven't signed up for that), and by using your bridge assets, you expose a lot of protocols to bad debt if anything happens (cf Harmony bridge hack).
2 replies
0 recast
1 reaction
ted (not lasso)
@ted
agree it is nuanced and that the proposal could put user funds at risk. aave team is known to be excellent and successfully built a defi giant. this is just a shit post about their anti-competition reputation, which unfortunately precedes them.
0 reply
0 recast
0 reaction
