Aave Governance, Polymarket, and LayerZero’s Zero Chain | Livestream
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What's up guys, just wanted to let you know about the Blockworks Digital Asset Summit which is back in New York March '6. We'll have top speakers from leading asset managers, financial institutions, DeFi protocols, crypto companies, and policymakers all under one roof. Think of BlackRock, Coinbase, Robinhood, and more. Follow the link in today's show notes to buy tickets, and make sure to use code zero x 200 for $200 off at checkout. See you there. Nothing said on Xerox Research is the recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any
I'm doing well, man. Thanks. Thanks for having me. First time.
I'm very excited. Thank you for
coming on.
Very good. Thank you for coming on such short notice. The Aave debacle happened earlier today, so I wanted to get some, I guess, prepared opinions as opposed to what I would say I typically do, which is very much like, oh, x party is wrong. Let's just go ahead with it. So I'm happy I'm happy you could make the time to come on.
Yeah. Yeah. For sure. For sure.
And Go ahead.
Yeah. No. Regarding the the other stuff, it's not super prepared, but as I've taken older, I'm really happy about this. There are some details that need to be better understood. Like, this is a big investment, and it's more than 30% of the treasury. So it has a big impact on the runway. And what I think it makes sense to do is to stop doing buybacks and cover with the savings, these investments in growth. Yeah. So you got like stable, solid runway and you grow as a fintech company. I don't think that the Revolut, Trump, and others, they do they do buybacks. Right? And the other did 35 millions
I think that makes sense. So I have maybe like before we really, really get into it, I'll give a short rundown of what I think the general, like, process has been. ACI is very, very involved. Like, Mark Stellar is very involved with Avedau. ACI or Abe Chan initiative was the one that decided or I guess voted for buybacks. They were behind this buyback movement. And so far $20,000,000 of Abe token has been bought back. One historical criticism, not just for Aave, but I guess for like all, let's say, DeFi one point zero protocols has been that there's been and all DeFi protocols really is that t
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