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The discussion explored the potential of receiving interest payments in a different currency on Aave, akin to BlockFi's feature. However, implementing this at the protocol level would require significant architectural changes, suggesting third-party services as a more feasible solution.
The discussion primarily revolved around the possibility of receiving interest payments in a different currency on Aave, a feature similar to what BlockFi, a CeFi Crypto company, offers. This idea was initially proposed by CryptoInvest, a token holder of Aave, who believed that such an option would enable users to cash out without having to sell their deposit1.
However, MarcZeller, another participant in the discussion, clarified that while third-party services might be able to provide this feature on top of Aave, implementing it at the protocol level would necessitate significant modifications to the architecture2. CryptoInvest acknowledged this point, understanding the complexity involved in calculating cross interest3.
In conclusion, while the idea of receiving interest payments in a different currency was met with interest, it was deemed to be a complex task at the protocol level. The discussion ended with the understanding that third-party services might be the most feasible route for implementing such a feature.
Posted 2 years ago
Last reply 2 years ago
Summary updated 2 months ago
Last updated 03/12 08:01