$AAVE already has about 30% market share, and Milk Road analyst Martin thinks tokenization hands it a lot more "The bull case for AAVE is just easy to make" His logic: as stocks, treasuries, even houses move onchain, people lend them out, and "liquidity begets liquidity" Revenue isn't there yet. He has Aave around breakeven today If that future plays out, he sees a "tens of billions company" in no time FT @m0xt_ @KyleReidhead @BitcoinJesusETH

If you invested $100 every time Peter Schiff said Bitcoin will crash since 2017, you would be up $431,155 on your investment. He has called for a Bitcoin crash 1,439 times on X since 2017.

I’m telling you how the democrats took 98% support from the tech/finance/business/media communities and gifted it to the @GOP Joe Rogan, Elon, Chamath, Larry and Sergey, Zuck and every leader in tech not named Peter Thiel was 100% behind Obama and even Hilary Then dems vilified anyone who didn’t meet their insane woke standard, and Bernie, Biden, Warren and Kamala started attacking builders instead of working with them. That’s how we got here, the left kicked us all out of the party and the GOP encouraged everyone to come into their tent ⛺️ I tried my best to keep my friends moderate and independent (like me), but it was impossible because of the lawfare. This is just an accurate, insiders account from someone who watched it happen My hope is @RahmEmanuel can be the moderate voice of reason and bring the Democratic Party back to its senses

Fights Among Teachers and Students

WSX WATCH: @BlackRock BUIDL fund is showing a stronger presence on Avalanche, with $481.81 million allocated to the network compared with $422.72 million on @Ethereum. The shift is notable given BlackRock’s massive $15.5 trillion in assets under management and the fund’s total value of $2.17 billion. @Solana remains the only network holding a larger share of BUIDL than Avalanche. @avax could be gaining traction as institutional interest in tokenized real-world assets continues to expand.

Aerodrome earned $63.34M in revenue from January 1 to October 19, and all of it went to stakers. That is more than $216,000 a day. @aeroxyz

🚨AAVE TO ADD BUYBACKS, STAKING AND BURNS IN NEW TOKENOMICS! Aave founder @StaniKulechov said on the protocol’s Q3 livestream that Aavenomics 3.0 will include ethereum:0x7fc66500c84a76ad7e9c93437bfc5ac33e2ddae9 buybacks, staking, and burns. Buybacks have been paused since April 19, the day after the rsETH bridge exploit. Since then the DAO has committed 25,000 $ETH to the DeFi United recovery effort and lined up a credit line of up to 30,000 $ETH from Mantle. A permanent burn mechanism would be a step up from previous buybacks that simply sat in the treasury.

The first externally curated markets on Aave V4 are now live, with strategy by @SentoraHQ. Users can borrow RLUSD, PYUSD, and OUSD against yield-bearing and blue-chip collateral across three new markets on @ethereum.

Vibes.

Two critical vulnerabilities have been identified in PHP, a widely used programming language that powers websites and web applications. These vulnerabilities (CVE-2026-109618 and CVE-2026-109619) could allow malicious cyber actors to remotely execute code in PHP core, potentially compromising sensitive data and networks. The FBI urges organizations to take the following steps now: ➡️ If an immediate update is not feasible it is recommended that organizations take the system offline until it can be fully mitigated. ➡️ Immediately update affected PHP installations following the guidance on php.net. Inventory where PHP runs in your environment, prioritizing internet-facing systems and vendor products that bundle PHP. ➡️ Monitor web servers for suspicious activity, including PHP processes unexpectedly launching command shells or downloading files. Ensure appropriate process-monitoring capabilities are in place to help identify potential exploitation. ➡️ If you find signs of compromise, isolate affected systems, preserve your web server and PHP logs, and report it to your local FBI field office or ic3.gov. Those reports help us identify the actors involved and warn other organizations before they become victims. For the latest information, follow PHP’s announcement on php.net, CERT-EU Security Advisory 2026-018, and CISA’s Known Exploited Vulnerabilities catalog.

The Labs team will insist you know nothing if you critique them. Meanwhile the token is down ~60% since ATH & down ~30% since they rugged the DAO FE. As it should be, they've shown you cannot trust them Do I not understand Aave or do they deliver literally $0 to token holders?

Tulip is treating every dollar @Aave DAO spends as value extraction while ignoring what the DAO gets in return. 1. Aave Will Win Framework: The proposal expands the DAO's revenue sources by directing all Aave-branded product revenue towards it (directly related to point 4). Before then, there was a $50M annual buyback framework, proposed when Aave's annualized revenue based on 30d performance was ~$204M (about 25% of revenue). At today's ~$108M, the same fixed buyback would be ~46%, as a large share of that revenue came from LRT looping that unwound after the Kelp/LZ exploit. The $50M buyback allo had no programmatic link with protocol revenue, nor an equivalent mechanism to the one proposed by the Aave Will Win framework to ensure that revenue from Aave's growing product suite accrued to the DAO. The only reason why any token holder would oppose such a proposal is due to (a) spite or (b) wanting a better framework. However, (b) can be addressed later without wasting more time delaying a revenue distribution framework. 2. Pause AAVE buybacks: This was proposed by TokenLogic, not Aave Labs, and it was a good decision given the circumstances. The DAO used to have service providers who didn't perform proper due diligence on the assets they listed, specifically rsETH. Once LayerZero was hacked, $AAVE token holders paid the price. Aave faced ~$124M in estimated bad debt under one scenario, with another reaching $230M. That's roughly 2.5 years of buybacks. In order to rebuild Aave's balance sheet, TokenLogic proposed to pause buybacks. Also, if you look at the vast majority of successful organizations, they don't prioritize buybacks when they can put that capital toward growing the business. Aave is (a) rebuilding its balance sheet and (b) prioritizing growth efforts. 3. No rush to restart buybacks: The above paragraph applies here as well. Additionally, the Aave App could become Aave's largest distribution channel by orders of magnitude. Combine it with stable vaults and we can see an absurd number of financial institutions and fintechs using Aave in the back. In other words, Aave App can bring users and capital into Aave, while third-party fintech integrations could expand distribution further. Shipping Aave App and scaling it is +EV for the DAO, grants considered. At a ~13–14% take rate, the App needs to generate ~$36–38M in fees for the DAO to recoup the $5M bonus. If it becomes even a fraction of the distribution channel it could be, that's an easy bar. 4. The Aave Foundation: This initiative aims to formalize the DAO's ownership of the Aave IP. This matters because the Aave Will Win framework directs Aave-branded revenue to the DAO, and the Foundation is what gives the DAO legal ownership of that brand. Cayman was chosen because a foundation company under the Cayman Foundation Companies Act can exist without members or shareholders while still holding legal title, executing contracts, and appearing in court. That is what makes it possible to own the trademark and defend it without creating an owner who sits above the DAO. Tulip King is a gigabrain, but bad blood prevents a lot of very smart individuals from seeing how Aave is positioning itself to scale, succeed and benefit token holders. Truth is, even in rebuild mode, Aave trades at ~33x FDV/revenue. Kamino is at ~50x, Morpho generates no revenue at all.