The most trusted financial network. Earn, borrow, save, and swap.
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Aave retweeted
Stani says US savers are earning around 40 basis points while banks keep the spread.
The last time savers had a real alternative was the 1970s, when money market funds pulled deposits away from rate-capped banks.
DeFi savings could be the next version of that.
@StaniKulechov @aave
Banks have failed savers, they pay you 40 basis points and keep the rest.
@StaniKulechov says @Aave's goal is to offer competitive savings rates worldwide through DeFi.
"In the US, users are earning 40 basis points on their savings."
"That is how banks and financial institutions make their margin."
"What we want to do is provide savings at a competitive rate globally, from DeFi."
"Banks have failed to bring savings back."
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Aave retweeted
THE BLOCK: Citi Research wrote in its new report that Aave is a "decentralized collateral mobility ecosystem" that represents one of the more important real-world cases in tokenized financial infrastructure.
"We believe collateral mobility may ultimately prove to be one of tokenization's most important use cases," Citi said.
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New @Citi research positions Aave as a collateral mobility protocol for tokenized capital markets.
It calls collateral mobility one of tokenization’s most important use cases, with Aave able to take on functions that move tens of trillions of dollars in traditional finance.
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Aave retweeted
Stani says DeFi will eventually let you borrow against your stocks better than a traditional brokerage can.
"Now we're starting to see tokenized stocks."
"You can use a stock as collateral and borrow against USDC."
"When you add DeFi primitives and protocols like Aave, you get the efficiency."
"And eventually you can do it better than the traditional brokerages, transparently as well."
@StaniKulechov @Aave
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