PANews reported on August 25 that Vitalik said on the X platform: Aave is good, and I am grateful for its existence, but if you tell them that you are providing a "loan", it does not provide almost anything that ordinary people would think of.
In addition, Vitalik responded to netizens: The types of applications I want to see are: (i) sustainable and (ii) do not sacrifice principles (no permission, decentralization, etc.). I think DEX is great and use them every week. I think decentralized stablecoins (such as RAI) are great. I think polymarket is great.
I don't think USDC is as good as RAI, but in reality we have to respect that it's very convenient and a lot of people are using it. Personally, it's very useful when making international donations, much more convenient than banking. We are here to try to make the global economy and society more open and free, and people in emerging markets using stablecoins to trade freely is a real use case and it's everywhere. USDC on Ethereum is also much better than account-to-account transfers within centralized exchanges, which also happens frequently. If we get a lot of people using USDC, it will also be easier for people to switch to other more decentralized stablecoins.
What I donât respect, is basically things where the attraction comes from something temporary, unsustainable, e.g. Iâm not excited about the 2021 liquidity mining craze because itâs clear that it comes from token launches that are temporary in nature. If someone tells me âput your money here and you can get a good yieldâ, my question is always âwhere is the yield coming from?â Who is on the other side of the transaction, and who is paying the yield? If there is a clear answer to this question, and there is good reason to believe that it will still be true in 5 years, then Iâll definitely be excited about it.
