Aave Labs proposes directing 100% of product revenue (aave, mobile app, Aave Pro) to the DAO treasury while requesting operational funding. Currently generates ~$10M annually from swap fees alone, with V4 enabling new revenue streams beyond the existing $100M+ protocol fees. AAVE will win.
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I’m really bullish on x402 and what it will enable for the future of programming. The Core Problem: Traditional payments can’t handle machine-to-machine micropayments. When your iMessage agent orders pizza through Uber’s API, it triggers a chain: inventory check, routing, delivery confirmation. Each step costs money. Why traditional systems fail: • Credit cards: 2-3% fees + $0.30 minimum kills microtransactions • Bank transfers: Take days, need human KYC Why Crypto: 1. Permissionless: Any agent can transact instantly without contracts 2. Instant settlement: USDC settles in 12 seconds vs 3-5 days 3. Programmable: Smart contracts enable escrow/refunds 4. Global: No forex or correspondent banks What x402 does: Standard for “payment required” API responses Example: You: “Order pizza” → Agent pings Uber (x402: “8 USDC”) → Pings restaurant → Smart contract locks funds → Delivery confirmed → Funds split instantly
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This year is starting rough for DeFi, but I’ve never been more excited about its future. Even though we’re losing talent to AI, what’s being built is incredible: ERC-8004, aave V4, agentic Ethereum wallets, and much more. I remain very optimistic on crypto and DeFi in particular. Developer activity always slows during crypto downtrends, but once it catches back up, it will be a new era for crypto.
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