The founder of Aave hinted at developing Twitter on Ethereum

Stani Kulechov, founder of Aave tell On Saturday, his 90,000 Twitter followers stated that after Jack Dorsey said he was developing a new Bitcoin, his platform should establish a “Twitter on Ethereum” (Bitcoin) Is the central financial service platform, which has striking similarities with Aave.

Dorsey Tweet On Thursday, his mobile payment company Square Inc. is creating a new business, “focusing on building an open developer platform, with the sole goal of easily creating non-custodial, permissionless, and decentralized financial services.”

This tweet has received more than 34,000 likes at the time of publication, indicating that Bitcoin will become the main focus.

In his response, Kulechov hinted that Dorsey’s business philosophy is similar to Aave, which is an open source, non-custodial DeFi protocol that enables users to borrow assets and earn interest on deposits.Although it is not entirely clear whether Kulechov’s Twitter-on-Ethereum plan is serious, he Say Jordan Lazaro Gustave, co-founder of Aave, will lead this effort.

Aave has become one of the most popular DeFi protocols in the market, and demand for its services is growing even among traditional investors. As Cointelegraph reported, Aave plans to release a licensed version Its platform will be opened to institutional investors as early as this month.

related: In the second level of embrace, the funds locked in Aave soared to more than $20 billion

Dorsey Plans to bring DeFi to Bitcoin Following the announcement in early June that Square is exploring and developing Open source BTC hardware walletThe entrepreneur reiterated the importance of self-regulation and the need to attract new crypto users through mobile technology.