Vitalik: Aave is good, DeFi should be based on sustainability and decentralization

BlockBeats news, on August 25, Vitalik Buterin posted on X: "Aave is good, I am grateful for its existence. I think DEX is great, I 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 great as RAI, but USDC is very convenient and a lot of people use it. For me personally, it is very useful when making international donations, which is much more convenient than banking. We are here to work hard to make the global economy and society more open and free, and people in emerging markets use stablecoins to trade freely is a real use case that can be seen everywhere. USDC on Ethereum is also much better than inter-account transfers within centralized trading platforms. If a lot of people use USDC, it will make it easier for people to turn to other more decentralized stablecoins."

"The things I "don't" respect are basically things whose appeal comes from some temporary sources that are not sustainable, such as. I’m not excited about the liquidity mining craze in 2021 because it’s clear that it’s coming from token launches that are essentially temporary. If people tell me “you can get a good yield by parking your tokens here,” my question is always “where does the yield come from?” Who is the person on the other side of the transaction, and who pays the yield? If there is a concrete answer to the question, and there is good reason to believe that it will still be true in 5 years, then I’m absolutely excited about it.”