Aave founder reacted to a statement made by Jack Dorsey. Stani Kulechov the founder of Aave shared his visions with his 90,000 Twitter followers that he is planning to build “Twitter on Ethereum.” Earlier this week Jack Dorsey said that his company Square Inc. is looking forward to developing a new financial platform to support non-supervisory Bitcoin services.
In his detailed response to Dorsey, Kulechov argued that Dorsey’s vision is pretty similar to Aave’s. Aave is DeFI backed open-source crypto exchange platform. It allows customers to borrow assets and earn profits on their deposits. Many experts do believe that there are still some doubts about Kuleshov’s statement. In case if Aave decided to move ahead with its idea of building a Twitter community on Ethereum, Aave’s co-founder will lead the plan.
Aave is one of the most well-known and worldwide recognized DeFi properties. Over the years Aave’s services have become most popular, even traditional investors are also looking forward to having Aave’s services. Aave is looking forward to launching a legal and customized platform for institutional investors.
Aave previously topped the DeFi ranking by locking the capital of $20billion. Aave’s growth over the past couple of months has been impressive. In its plan to build a separate audience on Ethereum, Aave is also planning to deploy new protocols to enhance its exchange operations. This new platform will be supportive for four bitcoin currencies including Bitcoin (BTC), Ether (ETH), Aave, and USD Coin (USDC).
This new platform will enhance the personal security of traders and will protect their payments. Experts do believe if these visions become reality this will further enhance the transparency regarding the trade of crypto coins. Aave v2 is amongst the world’s largest decentralized exchanges in terms of locking up capital. Moreover, Aave’s polygon installment is estimated as fourth.
However, Aave is looking to build its community on Ethereum. Dorsey is pulling the strings to execute his plan that will integrate DeFi and bitcoin. Dorsey already announced back in June that Square.Inc is looking forward to preparing an open-source hardware wallet to support bitcoin payments. The tech expert said that self-governing your platform is extremely important in the modern day. He also added that it is time to expand the crypto community. Bring crypto users onboard and empower them via mobile technology.
However, Aave and Square have adopted different approaches. Different directions in terms of implementing their business philosophy. But both are empowering the crypto community with their constant evolution. And by taking the mandatory steps to make trading easy, reliable, and protective for their customers. Building the Twitter community on Ethereum will be the start of a new chapter.
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