Aave co-founder and CEO Stani Kulechov actually needs Tesla to hitch the decentralized finance (DeFi) craze.
Kulechov tweeted at Tesla CEO Elon Musk providing to tokenize Teslas as collateral in Aave (LEND) to borrow property equivalent to U.S. Greenback Coin (USDC) and even invited Musk to study DeFi.
Musk, nevertheless, has not but responded to Kulechov’s tweet. Musk, whereas very pleasant to the crypto world, has not publicly commented on DeFi.
Aave’s lending protocol permits for non-collateralized borrowing the place events enter agreements the place the borrower can use the lender’s credit score line. Kulechov mentioned that the mannequin might assist convey DeFi into the mainstream as a result of it makes lending versatile. Kulechov has been a strong proponent of extra DeFi schooling and believes DeFi can play good with extra conventional monetary programs.
It received’t be a shock to hyperlink DeFi to Tesla, particularly since Musk is a recognized supporter of cryptocurrencies. Monetary charting supplier TradingView mentioned Bitcoin and Tesla are two of the most popular assets on the platform.