.@aave just crossed $60B in TVL - and is the first DeFi protocol ever to do it.
@The3D_ walks through how the protocol works, why people borrow crypto to buy cars, and what's coming in V4.
Timestamps:
00:00 - Aave’s beginnings and ETHLend
03:53 - How collateral and borrowing work
07:48 - Lessons from the 2020 crash
08:50 - Governance and upgradability
11:32 - Why Aave launched GHO
15:03 - GHO’s peg and design trade-offs
17:47 - Facilitators and minting flexibility
23:45 - Scaling and liquidity challenges
28:01 - Yield mechanics with esGHO
31:14 - RWAs and the Horizon Initiative
39:20 - Capital efficiency vs risk
42:34 - Aave V4 architecture
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