Ok, so by my understanding aave is a governance token for a multi chain protocol that is original and not some fork of another protocol.
They hold an ass ton of different crypto assets.
Across almost all popular evm chains. (Could someone explain why aave could or couldn't bring their protocol to solana?)
But with a bull market comes people who want increased leverage and potentially liquidate. Which means more money for the lending protocol.
Aave generates actual revenue and holds assets.
And the aave token acts as a way to vote for the future of the protocol.
But I'm kind of worried that aave got into the stable coin market. A lot of big fish fighting for stablecoin supremacy and could potentially destroy the whole project.
Im essentially just rambling, but if you agree or disagree with anything I say, let's chat. I'd love to learn.