0xTodd ( thinking )
0xTodd ( thinking )|Dec 07, 2025 14:45
When the cake is growing, don’t ask—just think LEGO, just think DeFi eats CeFi. When the cake is shrinking, don’t look—just expect drama, just expect 'refinancing tool blacklist.' And don’t even start about Jup and Kamino attacking each other. Recently, even Ethereum has had similar situations—AAVE is planning to delist Sky’s (formerly MakerDAO) USDS (the upgraded version of DAI). One big reason is that Spark, backed by Sky, has started encroaching on AAVE’s lending authority. Of course, AAVE first proposed the GHO concept, trying to claim the throne of stablecoins. Sigh, it’s all a mess. But at the end of the day, it’s still about growth.
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