In our latest Special Insights report, Research Analyst @HCDuschang deep dives into @Aave, dissecting its lending architecture, interest rate design, governance model and the role of GHO to understand how on-chain liquidity is transformed into yield. From utilization curves and reserve factors to modular liquidity in v4, the report breaks down the mechanics driving protocol revenue and long-term value capture. ➡️ Read more: ow.ly/LiCf50Yp6EF

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