Integrated vs modular lending is playing out as one would expect. Integrated lending is winning in areas where high performance matters more (leveraged looping). Modular lending is winning in areas where performance matters less (Coinbase BTC loans).
Marc ”½百 Billy” Zeller 👻 🦇🔊
Marc ”½百 Billy” Zeller 👻 🦇🔊31.7.2025
There's now over $5 billion of @ethena_labs's assets in @aave. This is a validation by the market that curation and concentrated bets on properly DD'd assets are a much better growth strategy than a spray-and-pray risky long-tail fest. Even if we're not always first to onboard, smart money has always migrated and deployed in size once we greenlight, because they value our curation and know we leave no ghost behind. Just use Aave.
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