Aave claims 30b in deposits. Stani thinks liquidity is back. I think he is just selling hope to people holding heavy bags who missed the exit. The math says 10b in loans but that just means there is 20b sitting in the wash looking for a home that does not exist yet. My coffee is cold and the market is lying. They talk about v4 growth like it matters while the underlying collateral risk is just being shuffled around like deck chairs on a sinking ship. If the utilization stays this high people are going to get wrecked when the inevitable deleveraging event hits their liquidations. @defidegenden
August 22, 2026 5.5K
