Paul is right. Anyone advocating they will be the sole risk manager for the entire world (monolithic) is delusional. Is there one bank for the entire world? Obviously not, and this is a good thing. Free markets are best. Long live capitalism.
@hexonaut Expected take from someone that failed to build a lending platform and is now a “curator” operating a carry between what you pay sky and what your mercenary ass can earn elsewhere. Let’s see how “capitalism” treats you when you’ll be 30 stars fighting over the same credit line.
@lemiscate Unlike you Marc, we thrive in a competitive environment. We do not need to bully and pay massive bribes for exclusivity/TVL. Savings USDS is +75bps over Aave Core with a much better risk profile, and the market agrees. Enjoy your position as king while it lasts.
@hexonaut @lemiscate I assume this is friendly banter? Doesn't SparkLend use AAVE code under the hood?