@eboadom

Welcome to _ Barry!

I will be making a personal donation of 100 ETH to the relief effort coordinated by @aave Labs in relation to the KelpDAO's/LZ exploit. While I'm not involved with Aave anymore, I still believe the Aave protocol is important for DeFi overall. And the coordination effort led by @aave Labs without Aave itself being the exploited system, deserves support

Imo: - Suppliers agree are relatively insensitive to rates at the moment, and they **very** sensitive to specific announcements/plans regarding the unpaired collateral not affecting stablecoins on Aave Core (I really think it is the case, but uncertainty is not good for suppliers). - Stablecoin borrowers are actually quite a priority, because they are the business. Meaning that they are already suffering the high rates, but on the current ~15% levels, for the argument of duration/float, @ImperiumPaper comments, I think it is a scenario they should be prepared to, because it really can happen for 3-5 days, even if rarely sporadically. - The current borrowing rate levels, I'd say, are in quite good "equilibrium" considering the previous. I'd say even quantitatively, the delta LTV-LT of Aave v3 (~2% on more stressed e-modes like Ethena) should have protected a majority of borrowers. Of course, not against the ongoing cost, but still, the cost is not an order of magnitude higher. In the case of borrowers of stables against "volatile" assets, the borrowers assume want frequently) the volatility on the collateral, going long. So the higher borrowing cost on the collateral for a short period of time is not really. - I'm currently an outsider to Aave, but 100% sure @aave Labs are working full-steam to achieve a situation where 100% the stablecoins are not getting affected, and I'd bet neither ETH in any big amount (or zero).

A person I trust commented that sometimes it is important not to ignore weird propaganda, no matter how silly it seems. So, just a thought, which is highly possibly my last on the topic. Maintenance & incremental updates are not (only) what BGD was doing for 4 years in Aave. However, those tasks were very fulfilling work, way more important than people think, and for anybody looking around, a big reason of success in mature products. To be a bit more blunt: the cemetery is full of good initial ideas not well taken care of after. I would argue that indirectly trying to diminish that role precisely now on Aave, is very very far from a good idea.

Principles first. Respect to @omeragoldberg and the @chaoslabs team