AAVE is a decentralized finance lending service before decentralized finance even existed. It is an innovation lending service in crypto and one of the first kind. However, the lending service may only restrict to the crypto community and it may expand into the traditional financial field later.
What will make a better society in the future? The corporations will not be able to do so because they are only profit-driven. The government will not be able to do so because they will always be politically motivated. Only philanthropy’s organizations may be able to push society to a better future.
The macroeconomy is more volatile than used to be. The Fed announced to fast-track the tapering on Bond which triggers both traditional and crypto markets to sell-off. However, the crypto market has recovered faster than the traditional market did.
Zero-Knowledge Proofs is a Defi way to answer regulatory compliance in a decentralized way. Since 2021 crazy runs of Defi and the hype to replace the current financial system, regulators are urgently working to put up bank regulations to pressure Defi to comply. Unfortunately, the result is not looking great. Some Defi products will surrender to comply; others will examine a new path to answer regulations differently - Zero-Knowledge Proofs you mother f**k.