Whether the protocol makes money or not—whether the token can actually share in a piece of the pie—were completely two different things in the past. But $AAVE is now binding these two together once and for all.
It has not only survived the selection through multiple bull and bear cycles, holding tangible, substantial protocol revenue. More importantly, the token value is now directly linked to this real income, with burn-and-enable mechanisms implemented.
This means it is no longer a useless governance prop. As long as the business keeps running, the profits it earns are directly turned into real, deflationary power. Surviving the cycle also means it can self-generate and continue reducing the supply, making the “hardness” at the bottom completely different.
#AAVE
It has not only survived the selection through multiple bull and bear cycles, holding tangible, substantial protocol revenue. More importantly, the token value is now directly linked to this real income, with burn-and-enable mechanisms implemented.
This means it is no longer a useless governance prop. As long as the business keeps running, the profits it earns are directly turned into real, deflationary power. Surviving the cycle also means it can self-generate and continue reducing the supply, making the “hardness” at the bottom completely different.
#AAVE