Aave DeFi protocol founder Stani Kulechov responded to Jack Dorsey’s Bitcoin business plans with a suggestion to build ‘Twitter on Ethereum.’
Last week, Jack Dorsey Tweeted that Square will be launching a set of decentralized financial services on Bitcoin in the near future.
In response to this, Stani Kulechov, founder of the Aave protocol, one of the best performing and most popular ecosystems for decentralized finance (DeFi), posted a Tweet poking fun at Dorsey, and hinting that Square is building the same service that Aave offers – so maybe Aave should then build “Twitter on Ethereum.”
He also goes on to mention that Aave co-founder Jordan Lazaro Gustave, would lead the effort, which makes it unclear if the Tweet is a poke or a serious announcement of a proposal that may actually land on Dorsey’s desk.
Aave’s website describes the project in strikingly similar terms to the ones used by Twitter’s founder last week: “Aave is an open-source and non-custodial liquidity protocol for earning interest on deposits and borrowing assets.”
Both, Aave and Dorsey’s new project plans provide the possibility for users to borrow money, earn interest on savings, insure other users for a premium, and other decentralized financial services normally run with a traditional financial institution (a bank) as an intermediary.
Meanwhile, demand for the popular Aave protocol for decentralized financial services is on the rise among mainstream, institutional investors.
You might also like
More from Tech
Upcoming EU rules could mean Apple will have to allow third-party app stores on the iPhone starting in 2024.The news …
Apple is expanding its iCloud security features and introducing support for security keys for two-factor authentication.TL;DR; – Apple has announced …
The “Key Bou” is an insane 5-foot straight bar keyboard designed by Google to promote its virtual GBoard, available on …
Kim Kardashian's special edition Beats Fit Pro are now available at Apple stores.The earbuds come in three neutral colors, Moon, …