$AAVE is up 7.47% on the week and its news feed is all about distribution: Circle, MetaMask and BNB Chain are each plugging into the same lending pool.
Circle is the big one. Aave says eligible Circle Mint customers can now post cirBTC as collateral and borrow USDC from Aave on Arc or Ethereum, from inside Circle. A stablecoin issuer's own customers borrowing through Aave is a front door, not a feature. It's Aave's claim, so check the product before you size up.
The MetaMask Agent Wallet link, where Aave says its MCP prepares the action and the wallet signs it, is a demo until I see volume. The BNB Chain USDC and USDT deposits on the mobile app are the boring part, and I think they matter more. Distribution beats features.
$AAVE trades at $168.72, well under the 24h high of $176.11. If it holds $167.7, I think the Circle and BNB plumbing gets priced in and $176.11 gets retested. If it loses $167.7, I'm wrong on this and there's nothing to defend. Anyone long here eats a break of the day's low.
holding $167.7 or losing it?
follow me for more calls like this.
Circle is the big one. Aave says eligible Circle Mint customers can now post cirBTC as collateral and borrow USDC from Aave on Arc or Ethereum, from inside Circle. A stablecoin issuer's own customers borrowing through Aave is a front door, not a feature. It's Aave's claim, so check the product before you size up.
The MetaMask Agent Wallet link, where Aave says its MCP prepares the action and the wallet signs it, is a demo until I see volume. The BNB Chain USDC and USDT deposits on the mobile app are the boring part, and I think they matter more. Distribution beats features.
$AAVE trades at $168.72, well under the 24h high of $176.11. If it holds $167.7, I think the Circle and BNB plumbing gets priced in and $176.11 gets retested. If it loses $167.7, I'm wrong on this and there's nothing to defend. Anyone long here eats a break of the day's low.
holding $167.7 or losing it?
follow me for more calls like this.