March 12, 2026

In recent days, I made a video about AAVE. The main content of the video is a review of AAVE's development process and a summary of the recent heated governance crisis. You can watch the video on YouTube; here is a brief overview to provide some advice and assistance to those interested in investing in AAVE.
First of all, AAVE is now a typical DAO project, but a series of recent centralized actions and behaviors by founder Stani have caused dissatisfaction among other teams. Due to irreconcilable conflicts, a very core technical team and an important operational team both left the AAVE project. Although the founder is still involved, I personally think that since it has deviated from the decentralized autonomous route of a DAO, I probably won't consider this project for the long term.
The success or failure of a project depends not only on important strategic decisions, strong technical support, and operational ecosystem, but I believe there is also a very important factor—market trend, or luck. The reason AAVE has become the top-ranked DeFi protocol is due to many factors. After this governance crisis, the fundamental composition of the project team has changed, so I won't focus on long-term investment in this project anymore.
Finally, regarding the market situation, currently Bitcoin is showing signs of stagnation around 70,000. The sideways movement of the market is also in line with expectations; we can only wait and see. Since the past few months have been in a downtrend, the longer the sideways consolidation lasts, the more it