Aave May Build “Twitter on Ethereum”

Aave May Build “Twitter on Ethereum”

July 17, 2021

Kulechov made the suggestion in response to Twitter founder Jack Dorsey’s plans to build a new platform for DeFi on Bitcoin. 

Aave Founder Hints at Social Media Plans

Stani Kulechov has his eyes set on decentralized social media. 

The Aave founder shared his vision of a “Twitter on Ethereum” Saturday, referencing Jack Dorsey’s recent announcement that he would be building a Bitcoin-focused platform for DeFi. “Since @jack [Dorsey] is going to build Aave on Bitcoin, Aave should build Twitter on Ethereum,” Kulechov tweeted Saturday. He added that Jordan Lazaro Gustave, a co-founder of Aave, would lead the project. 



The hint follows Dorsey’s Friday update that Square would be creating a new business to build a platform for “non-custodial, permissionless, and decentralized financial services.” The Twitter founder confirmed that the platform would primarily focus on Bitcoin and launched a Twitter account for the venture under the name “TBD.” 




Dorsey’s announcement attracted the attention of many crypto followers, some of whom pointed out that his idea sounded similar to Ethereum. Dorsey is known for his lack of interest in cryptocurrencies other than Bitcoin and has thrown shade at Ethereum in the past. The leading smart contract blockchain is considered the de facto home of DeFi today, currently holding around $55 billion across various protocols. Aave is one of DeFi’s most used protocols, with $10.82 billion locked across Ethereum and Polygon according to DeFi Pulse. While some said Dorsey’s idea sounded like a new version of Ethereum, Kulechov suggested it was closer to Aave. Responding to the announcement, he wrote “you know Aave already exists right.”

It’s still unclear whether Kulechov’s plan is set in stone, but the mention that one of his team would be leading the effort could suggest that the idea has legs. It wouldn’t be the first time Aave has announced an ambitious project: on Jul. 5, it was revealed that the protocol would launch Aave Pro, a permissioned liquidity protocol for institutions. It goes live this month. 

Disclosure: At the time of writing, the author of this feature owned ETH, ETH2X-FLI, AAVE, and several other cryptocurrencies. 


The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.

Source: Read Full Article