September 27, 2023: A New Era 🌄🌅

What's next after Mich closes $CRV debt on Aave v2

It’s the end of an era!

Several years, dozens of thread000rs, and millions of eyeballs. All amounting to precisely zilch.

In a just world, everybody who inaccurately predicted a bloody outcome to this chapter would be forced to watch as their own reputations death spiralled towards a karmic zero.

Yet we don’t live in that world.

Those who whiffed will keep their ill-gotten influence. The rest of us will simply take a minute to catch our breaths and advance onto the next era.

While we fully expect FUD will prove eternal, we take some solace in the fact that our enemies are not terribly bright. While the mob had a crude and prehensile grasp about how Aave worked, we doubt they bother to research four emerging protocols enough to offer any decently coherent lines of attack. Indeed, all of these lending protocols represent major innovations in onchain lending.