@AlexeyT16

A principle most of DeFi skips: the structure around an asset decides how it behaves in a crash, more than the asset itself. Forced selling and shared leverage never show up in the APY.

Serious question for the "institutions will stabilize crypto" crowd: last week, the Bitcoin ETFs posted their biggest outflow of the month. If the patient institutional buyer is the one who sold first, who's left to be the patient?

Anyone knows the name of the movie? https://t.co/iQl8JLf03o

People assume founders in crypto are risk-takers. The ones from my background are the opposite. You don't spend decades in licensed asset management by chasing the upside. That instinct built @Shift_DeFi.

Aave's UK arm just got FCA registration to build regulated stablecoin rails. The full UK regime doesn't even land until October 2027. The serious players are getting authorized years ahead of the deadline. That's what conviction about a market looks like.