Aave CEO Wants to Tokenize Tesla. Elon Musk Gives Silent Treatment

Aave co-founder and CEO Stani Kulechov in point of fact desires Tesla to sign up for the decentralized finance (DeFi) craze.

Kulechov tweeted at Tesla CEO Elon Musk providing to tokenize Teslas as collateral in Aave (LEND) to borrow belongings similar to U.S. Buck Coin (USDC) or even invited Musk to be informed about DeFi.

Musk, then again, has now not but spoke back to Kulechov’s tweet. Musk, whilst very pleasant to the crypto global, has now not publicly commented on DeFi.

Aave’s lending protocol permits for non-collateralized borrowing the place events input agreements the place the borrower can use the lender’s credit score line. Kulechov stated that the type may just assist deliver DeFi into the mainstream as it makes lending versatile. Kulechov has been a robust proponent of extra DeFi schooling and believes DeFi can play great with extra conventional monetary programs.

It received’t be a marvel to hyperlink DeFi to Tesla, particularly since Musk is a identified supporter of cryptocurrencies. Monetary charting supplier TradingView stated Bitcoin and Tesla are two of the most well liked belongings at the platform.


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