Wu Blockchain (@WuBlockchain): Dragonfly Partner: Aave Has Enough Capital to Absorb Bad Debt
Estimated coin impact
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- AAVE+30Positive
Dragonfly Partner: Aave Has Enough Capital to Absorb Bad Debt Dragonfly Managing Partner Haseeb stated that DeFi has withstood severe shocks like the 2020 liquidation failures, the Terra collapse, and the 2022 stETH depeg. Through these events, DeFi mechanisms are gradually improving via repeated corrections, a process mirroring the evolution of traditional finance through historical crises. He believes current risks do not pose a systemic threat, noting protocols like Aave have sufficient capital to absorb bad debt. https://x.com/hosseeb/status/2046311474763886769?s=20