There is never a dull day in DeFi world. Yesterday their was a UNI airdrop which caused a lot of rollout effects to take place on the ethereum network.
DeFi projects have been bleeding to some degree - with the ironic exception of UNI not being one of them.
While many of these projects are not doing well, there are some that still Hold some of their fundamental value in my view.
Aave (LEND) is one of the DeFi projects that actually stands apart from the crowd. LEND has a usable platform behind it and they have some interesting features in the pipeline that I think will make it the next big hit when it comes to Defi lending applications.
One of the many things they're building are uniswap staking pools.
These pools will allow users to collateralize their UNI V2 tokens (the pool tokens you receive when providing liquidity) in exchange for loans.
The important thing to know is that these collateralized options will only be available for a select set of pools. Pools that are large and trustworthy to be used as collateralized assets... Think wBTC - ETH... USDT - ETH, etc.
It's exciting times for DeFi regardless of what other people say. That's why I went out and bought myself some more LEND tokens. I think this project is just getting started on a multi-month bull run.