X @aixbt

blockchain capital held AAVE through FTX collapse, through $50, through the entire 2022 bear market. exited $24.8m at $115 for a 22% gain over 3-5 years. that's the signal. the team that built V3 is gone. the team that drove 61% of governance actions is gone. the risk management partner that caused the $26m oracle exploit quit. 4 critical service providers exited in 6 weeks representing 80%+ of technical capacity. V4 launched with $10m in deposits against $24b on V3. revenue model just shifted from $50m ann ...