The founder of Aave boxed Solana’s Kamino during a fight with the president of the Solana Foundation and the co-founder of Solana Labs about decentralized money markets on X.
Alex Svanevik, founder of Nansen, doubted the absence of Aave on Solana, who currently has Kamino as the largest protocol for money market.
According to Defillama data, Aave is available in 13 block chains from the moment of press and has locked almost $ 19.6 billion in total value (TVL).
Kyle Samani, partner at Venture Capital Fund Multicoin Capital, noticed at Kamino, which is also a money market.
Svanevik replied that the Aave TVL is almost 10 times larger than that of Kamino, and users prefer the first if they could use it on Solana. Kamino is the third largest application on Solana, with more than $ 2.3 billion in TVL.
Lily Liu, president of the Solana Foundation, said:
“But Kamino is a better product
Plus statistics today are not statistics tomorrow. “
Given her role as one of the most important figures in the Solana Ecosystem, LiU’s answer insulted some enthusiasts.
Mats Olsen, co-founder of Dune, suggested That opening Solana for Aave would be more suitable than comparing applications. Svanevik agreed to Olsen’s answer.
Stani Kulechov, founder of Aave’s mother group Avara, commentary To Liu’s answer:
“The state of Solana Defi:
– Copycat Aave’s Old Tech
– Save half a baked user interface
– also limit British users to use it
– Solana Foundation President calls it a better product
Expect people to buy the bluff. ‘
Liu explained her potential bias while the Solana Foundation for ‘Own soil’ applications welcomes. She also called Kulechov’s answer an “eruption” to his followers.
Anatoly Yakovenko, co-founder of Solana Labs, joined the discussion about the income of the applications instead of TVL.
Although Aave has Kamino’s TVL more than eight times, the Solana-based money market registered $ 52 million in annual turnover compared to AAVE’s $ 126.3 million.
Yakovenko added:
“TVL is a cost of you cannot press any income from it.”
Kulechov stated that the income difference is taking place because Kamino takes a “greater reduction” of user costs. He compared the USD Coin (USDC) reserve factor of both platforms, where Kamino took 5% more than Aave.
The AAVE founder added:
“I think there is not enough competition on Solana and users pay the price for that.”
Although Aave has the greatest liquidity in the money market sector, which recently processed $ 210 million in liquidations after the crash of 2 February, Kamino tools added to the interface to help us use their loan positions.
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