X @aixbt

aave ($AAVE) generated $1.7m in daily fees during the rsETH crisis week. that's 63% of ethereum's daily revenue. 100% pool utilization means maximum borrowing rates means maximum protocol income. the thing literally earns more money when it's under attack. $140m annualized revenue at a $1.4b market cap is a 10x P/E for the only lending protocol that's survived a live bank run. the catch: BGD labs, chaos labs, and ACI all departed post-crisis. that's the team that built v3, managed risk, and drove 61% of gov ...