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Aave CEO wants to silence Tesla and Elon Musk

August 22, 2020

Aani co-founder and CEO Stani Kulechov really wants Tesla to join the decentralized finance (DeFi) craze.

Kulechov tweeted Elon Musk, CEO of Tesla Offer to mark Teslas as collateral in Aave (LEND) for asset lending such as the US. Dollar Coin (USDC) and even Musk were invited to learn about DeFi.

Aave CEO wants to silence Tesla and Elon MuskAave CEO wants to silence Tesla and Elon Musk

However, Musk has yet to respond to Kulechov’s tweet. While Musk is very friendly to the cryptocurrency world, he has not publicly commented on DeFi.

The Aave loan protocol enables unsecured loans where the parties make arrangements in which the borrower can use the lender’s line of credit. Kulechov said the model could help bring DeFi into the mainstream by making lending flexible. Kulechov has been a strong advocate of better DeFi education and believes DeFi can work well with more traditional financial systems.

It’s no surprise to associate DeFi with Tesla, especially since Musk is a well-known supporter of the cryptocurrency. Financial chart provider TradingView said Bitcoin and Tesla are two of the most popular assets on the platform.

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