Today marks the official last day of @Aavechan. A bit more than 3 years ago we launched as an underdog delegate platform, without support from Labs, VCs, or entities, but strong from community backing.
The situation was dire. "DeFi is dead" was commonly accepted, Aave TVL had collapsed to a quarter of its cycle peak, the protocol was leaking tens of millions in incentives and operating expenses to leech service providers, while Labs was pivoting to raise money for a soon-to-fail social media platform.
During our tenure, we turned a 35M annual protocol deficit into a 150M/y revenue machine, outperformed far better-funded competition, saw $AAVE do a 9x and beat the market, and built an active network of top-tier aligned talent, service providers, and delegates.
We proved to the world that a DAO could be done, and could outperform. We're proud of that.
None of it would have been possible without you.
We're deeply grateful for every bit of support, and for the $AAVE holders who trusted us with their voting power, our success was yours and the North will remember in due time.
Today is the end of a chapter, but far from the end of the journey.
Still have a few good ideas to build the future of France, and expect news soon on something new.
The situation was dire. "DeFi is dead" was commonly accepted, Aave TVL had collapsed to a quarter of its cycle peak, the protocol was leaking tens of millions in incentives and operating expenses to leech service providers, while Labs was pivoting to raise money for a soon-to-fail social media platform.
During our tenure, we turned a 35M annual protocol deficit into a 150M/y revenue machine, outperformed far better-funded competition, saw $AAVE do a 9x and beat the market, and built an active network of top-tier aligned talent, service providers, and delegates.
We proved to the world that a DAO could be done, and could outperform. We're proud of that.
None of it would have been possible without you.
We're deeply grateful for every bit of support, and for the $AAVE holders who trusted us with their voting power, our success was yours and the North will remember in due time.
Today is the end of a chapter, but far from the end of the journey.
Still have a few good ideas to build the future of France, and expect news soon on something new.
@AaveChan I want to share my gratitude to the ACI team for making this possible:
@josepbove
@Nandy_ba
@Sachitaira33
@0xMartinGbz
@_Bliiitz
@Togbe0x
@0xStarny
@Hazelstar_
@Rozengarden_
and Chris
@josepbove
@Nandy_ba
@Sachitaira33
@0xMartinGbz
@_Bliiitz
@Togbe0x
@0xStarny
@Hazelstar_
@Rozengarden_
and Chris
• • •
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