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Main Channel t.me/blockchain_lobsters
Hey all, anyone here from Delphi? Got a quick question, will DM. Thanks!
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It’s not, they will just wait a few weeks and try again
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because behind the scenes they are getting paid obv
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why did polygon themselves get involved in this? I thought it was a DAO proposal by 3rd parties no?
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And as a aave staker protecting the polygon V3 market with my own money I’m not keen to be slash because of a protocol that has no concept of protecting their user deposits
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And on Aave atm it is a very important work stream of all contributors to try to keep consistency on the approach with assets having any type of soft or hard rehyphotecation.
The issue here is that for people selling "we are just lending infrastructure" like Morpho, there is absolutely not benefit to work in that direction, only grow it. Is there a problem down the line? Who cares, we are just infra, go ask the "curators" because they fucked up. Users? Who cares, we are just agnostic
Polygon should also not hide and claim it was only Morpho, Allez and Yearn proposing this.
We all know how these things go. It was probably already a done deal for them
Maybe it is just butterflies for everybody to be friends?
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Sad that it doesn't include some more precise numbers, you know, for any hyphotetical token holder affected to do better financial planning
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We are even doing the Aave governance voting on Polygon, it is just ridiculous
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The discourse of Aave being anti-competitive is a bit ridiculous, even more on this case. Aave is on Polygon since basically the very beginning of Polygon almost, and using its Safety Module on v3 Polygon
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> They pushed for a similar proposal themselves
Aave really didn't push anything officially on the dao, and I would have been first to very clearly say why is a bad idea. Maybe people should think a bit more why Aave never proposed this on the last like 5 years
Can we organise a CFN at ETHDenver for this?
Winner gets its proposal accepted
pretty sure they would've been involved in the ideation of this proposal
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Bad debt socialization is an approach (which I don’t like) to deal with bad debt.
But it’s not like all deposits are up for grabs in such a system.
Claiming they don’t protect user deposits is a bit hyperbolic to me
Yes no doubt none of their execs actually wrote any of those tweets either it was all PR firms.
It's interesting how so few advocate for Polygon. Morpho and Aave DAO participants compete on Twitter because they have the capacity to but Polygon? I haven't seen anyone really come to their defence aside from employees.
Reminds me of those prank videos but instead of “it’s just a prank bro” they claim “it was just a proposal bro”
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Jokes aside, re-hyphotecation is a big deal (problem) in all senses. And similar as with tradfi, it always comes in a nice envelope
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-ev for Polygon to disclose how much Morpho granted because another equally hungry network will come along and offer the same or better to them
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The situation here is actually very simple: somebody is a paying a bill to make this happening. So it is just a matter of disclosing who does and why -> everybody happy
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neither tbh.
I think its a horrible idea to rehypoticate assets like that and it can cause significant risk. So I get Aave not having it and taking preperations to leave if it passes.
They pushed for a similar proposal themselves though but instead of using Morpho it would use Aave.
Something arguably similar happened with regards to sUSDe. They were very vocal about the risk on nature of it but somehow those worries went away when they onboardeed it on Aave. They argue the "risk framework" is different but it makes one wonder what the true intentions are.
It feels in general Aave is using protectionistic tactics to remain dominant even going as far as excluding users of "non-aligned" protocols from reward programs. Imagine not receiving your airline miles program points because you also use a competing airline from time to time. That would probably be illegal even.
Anyway, I really like both protocols but I sometimes hope we could play a little nicer and not let our association with a certain protocol cloud our judgement.