Kulechov said:
Today, most of Aave’s lending is concentrated around ETH, BTC, or leverage-driven looping strategies correlated with crypto market cycles. When I started Aave (originally as ETHLend) in 2017, the vision was to use smart contracts to power lending across virtually all asset classes and use cases.
A core aspect of this strategy is the upcoming Aave V4, a modular architecture designed to integrate new lending models and asset classes safely. The design allows innovation without compromising protocol integrity, enabling both crypto-native and RWA-backed use cases while creating a developer-friendly environment to encourage innovation.
Consumer Products, Revenue, And AlignmentAddressing operational concerns, Kulechov stressed that mainstream consumer-grade products needed to onboard millions of users should be developed by independent, highly autonomous teams on top of the permissionless Aave Protocol rather than funded or controlled directly by the DAO. This approach ensures rapid execution while allowing the protocol to benefit from increased usage and revenue.
Kulechov said:
World class consumer products are built by highly opinionated teams with the autonomy to move quickly. While decentralized governance works well for protocol economics, it is not suited for product-level decision making.
Kulechov also pledged to share revenue generated outside the protocol with token holders and confirmed that upcoming proposals will include clear guardrails for branding and revenue alignment. In his concluding notes, Kulechov reinforced his belief in Aave’s potential while also appealing for collaboration to drive the protocol and its native token’s success.
