Every project that competes with aave gives sophisticated arguments on why his approach is better for the users.
But as long as aave keeps dominating the market, these arguments are mostly theoretical.
Only time will tell if users favor new designs or prefer to stick with what they know.
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Was planning to dive into the @euler v2 code, and a cantina contest with such high prize is definitely a good opportunity to do it.
https://twitter.com/cantinaxyz/status/1770828360471507068?s=19
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It will have some effect as 15% of current block gas consumption will move to blobs, so it will be available for other txs to use.
But hard to say if it will be noticeable, especially in a bull market.
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.@onetruekirk is suggesting to use sDAI as a debt asset https://twitter.com/OneTrueKirk/status/1766635873469362628?s=19
My concern is that the sDAI interest rate is not *directly* controlled by market forces, but rather by gov vote. Hence, this asset has somewhat of a synthetic flavor, which makes it less predictable.
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Predictable is best. And yeah, both maker and compound/aave interest rate are unpredictable. But compound and aave rates are more connected to the entire DeFi ecosystem interest rates. While sDAI is only indirectly connected via trial and error adjustments that try to keep the psm full.
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.@makerdao adjusting its interest rate according to the interest rate of other DeFi protocols is like a market maker in @binance that prices ETH according to the price he sees in the local cardano dexes.
