overall thesis has not changed much: I still think we are in a transition environment — not a clean euphoric bull market where everything goes vertical at once. And honestly, the recent rsETH situation tied to AAVE is a perfect reminder of why process, survivability, and risk management matter so much in DeFi.

The key point here is important: Aave should not be treated like some failed clown protocol. In fact, it is still one of the most battle-tested protocols in DeFi. The real concern came from stress tied to assets being used inside the system, not simply from the protocol itself being “hacked” in the way people on social media often frame things.