Royale

q2 2026

Aave Will Win, the most important proposal in Aave's history just passed with a landslide. Here's the master plan going forward: General Direction - Aave becomes fully token-centric: one asset, one model: $AAVE - To date, protocol revenue per AIP-1 has accumulated to the Aave DAO: $140M in 2025, with 2026 on track to match that despite the market downturn being limited to protocol-only revenue - The AWW proposal introduces a new revenue stream: application and product revenue generated outside the Aave Protocol, now directed to the DAO as additive revenue - This covers Aave Pro, Aave.com, Aave App, Horizon (RWAs), and Aave Kit, all flowing back to the DAO treasury - Swaps on Aave.com and Aave Pro are already generating $10–20M in new revenue on top of existing protocol revenue - Aave V4's reinvestment feature ensures that float capital in pools generates yield, creating additional revenue streams, similar to how Aave V4 Spokes open up new revenue opportunities - AWW gives Aave exposure to the full vertical stack. Owning that stack is increasingly critical in a competitive landscape where protocols get commoditized - AWW also establishes a community-protected vehicle to independently govern Aave's brand assets and IP on behalf of token holders - Aave Labs commits to working exclusively on Aave-related products, fully locked in - If you own $AAVE, you own not just the economic rights of the protocol, but the brand, the users, and the integrations In other words: everything belongs to one asset, the $AAVE token - We believe tokens are the greatest opportunity of our time to build collectively governed protocols, but a single, unified vision is essential for execution - That vision is provided by Aave Labs, working alongside all Aave service providers to grow Aave from a $40B protocol to $1T and beyond Product Layer & Distribution - Aave App will onboard millions of users with a simple, fintech-like experience while ensuring users retain full control over their funds, backed by $1M account protection per user. A card will also launch later, generating additional fees for the Aave treasury - Aave Pro will be the premier destination for power users: sophisticated features, simple on-ramping, and the best of DeFi in one place - Aave Labs has the best designers and design engineers in the space, committed to delivering a high-fidelity experience for every user - Aave Kit will provide SOC2-compliant, enterprise-grade integration for fintechs and partners - Horizon will expand with Aave V4 support and more flexible asset onboarding to scale RWAs on Aave - New Aave V4 Spokes will unlock additional collateral and address the demand side of DeFi liquidity - Together, these products aim to bring DeFi to everyone and position Aave as the base credit and repo market for the entire $400T+ TradFi asset base Engineering & Tech - Aave Labs has the best engineers in DeFi. We built V1 through V3, GHO, and most recently V4, and this is just the surface of what we're building next - Aave V4 paves the way for next-generation lending, and Aave V3 will remain fully supported and maintained by Aave Labs for years to come - We are security-first. Smart contract security, application security, and ICT security are non-negotiable, and our recent SOC2 compliance reflects that. Institutions expect it, and we deliver it - We will invest in agentic AI, opening up new opportunities for developers building with Aave Marketing - Aave has historically led crypto in brand, events, content, and partnership marketing. We're doubling down on our brand recognition and the strong foundation we've built - Going forward, we'll expand into new audiences and channels to bring Aave mainstream, building net-new, stickier userbases among people who are new to DeFi Growth - Aave will deepen relationships across the DeFi ecosystem and build new bridges with fintechs, banks and asset managers - At its best, Aave isn't a bank. It's a financial network that any fintech, bank or an asset managers can plug into, and providing the best integration tools will be key BD efforts will rely on tight collaboration between service providers such as Token Logic and our partner networks - We honor our long-term partnerships and commitments, including @chainlink - We recognize the value Aave represents today and expect partners to approach us with the same respect Governance - We support a multi-contributor model for Aave and will continue to embrace it - We will oppose any vendor lock-ins or service providers that build products for themselves at the expense of token holders - We require full transparency from the SPs and no tolerance for relationship gating as all value needs to drive to Aave - Zero value leakage: everything built with Aave's funds must benefit Aave and be owned by Aave - SPs who align with these principles and commit to what's best for token holders will have our support on budgets, as long as they are reasonable - The DAO is taking a zero-bureaucracy approach: execution and skin-in-the-game are what matter. We are competing with some of the world's most efficient and well-funded organizations, and there is zero room for friction - Every SP will have real, measurable goals. Payments for posting governance proposals are over. We've already consolidated SPs to focus resources - Governance process improvements are coming in the months ahead: more efficiency, less politics Risk Management - We will continue to support a multi-layered risk management process encompassing both an economics risk layer and a technical risk assessment layer conducted by Aave Labs - Aave's risk management will include external risk managers such as Llama Risk and Token Logic for commercial and economic assessment. Aave Labs will also establish a permanent internal risk management function to coordinate and support external risk managers, making the overall system more resilient Building a Regulatory Moat - Aave Labs has spent years building a regulatory moat around Aave's products and deepening vertical integration - Aave is one of the only DeFi ecosystems operating at scale with regulated entities, including Push Virtual Assets Ireland, which is authorised as a CASP under MiCA, alongside a UK EMI-licensed entity - We are actively pursuing additional licenses globally to enable seamless, 1:1 fiat-to-Aave onboarding for mainstream users, a prerequisite for mass adoption - We go where the bar is high Policy - Aave Labs' policy team is world-class. We've participated in every major policy consultation over the years and will continue to fight for DeFi, protecting it from harmful regulation and ensuring legal certainty for users and integrators - The next few years will be pivotal for DeFi policy. We are fully committed Our Principles - Security-first above all else. This is non-negotiable Everything we build is truly DeFi, with self-custodial access at its core - Innovation-driven, we will move the space forward by innovating and building something new - For DeFi to scale, we need new audiences. That means growing the pie by building better experiences and infrastructure for users to access DeFi - Friendly by default: anyone should be able to work with Aave if the merits support it - Build and operate in public. Everything we do will be done openly, with the highest standard of accountability This is the direction we are committing to, a multi-year journey. The foundation is set. Now it's time to build. Aave will win.

Weekly HyENA Points and Boosted Rewards are live.

big personal news: first off, Ethereum is dead second, i am now Special Situations at @SolanaFndn. my mandate is mega deals that will drive max value why solana? > the most engaged userbase in crypto with the highest take rate per volume (more than hype coinbase binance) > foundation is very lean and full of killers > other chains dont need me. ethereum is fucked (stuck in communism) and hype’s perp game is mature. solana is perfect for me to have fun and get shit done what will i do at solana: > bring 10B TVL to solana i’ve brokered 1-2B before and wanna up my game. if you are a large TVL provider, we have super scalable fixed yield products at 7-8% in a tradfi setup dm me > help grow RWA perps on solana hype done a great job with oil, gold, nasdaq perps and we will take it further if you are a serious crypto/tradfi market maker in rwa, we have the distribution and open to deals dm me what motivates me personally: first off, I am doing this for glory. I want to come in and be instrumental in growing trading activity and onchain tvl. second, I want to be relevant again. I miss pissing people off while being unavoidable. its fun thirdly, learn how to acquire trading distribution. almost no one in crypto knows how to do but thats where billion usd opportunities lie and they belong on solana.

1) WHAT $STABLE

This is going to be a long explanation on why telegram doesn't have end to end encryption for groups. Telegram is widely used for its large group chat feature, encryption is pretty much infeasible beyond a certain group participant limit. For End to End encryption only the sender and receiver can see the msg, which is encrypted using a Shared Secret Key. Let's assume the group only has 2 users, A and B. They arrive on a shared Secret Key using the Diffe-Hellman key Exchange process ( Secret Key 1) Now every-time A sends a message they encrypt and send it, as B already has the secret key (derived above) they can view the message. Now what if another user joins the chat? Lets say C A and B have a shared secret, but they can't share it with C there could be hackers like me snooping the network. So A and C will do the Diffe Hellman process (Secret Key 2) Now A sends a message in the group encrypted with secret key 2, so now C can decrypt it using the shared secret key derived above, but B doesn't have this key, and it cannot read the message in the group, so every-time A sends a message, it sends two versions of it, encrypted with a Secret key 1 and secret key 2, but what if C wants to send a message, it doesn't have a secret key with B. So they do a Diffe-hellman and arrive on secret key 3, so now when any user in the group wants to send the message they encrypt it twice. This has to repeat with the number of new users joining and also the number of times a single message has to he encrypted increases exponentially The formula for the number of times Diffe-Hellman key exchange has to be done is: N * (N-1) /2 And number of times a message has to be encrypted is: N-1 For 100 group members: Number of key exchanges required: 4950 And number of times a single message as to he encrypted: 4949 Telegram has a group limit of 200K Key exchanges required for 200K members: 19 billion 9 hundred million. I'm sure your latest iPhone can't process 19 billion keys, and then encrypting the message every single time you send it. Also this is just for 1 group, you might he in a 100 group, so multiply that by 100 Signal also has 1000 group chat limit Also telegram has E2E in secret chats, but they are device specific telegram's messages can be accessed on any device which won't be possible with E2E without having multiple device keys for each chat. Your phones and devices would not be able to process these billions of keys hence telegram/whatsapp or any other social messaging platform does not use end to end encryption for large group chats.

So this was all useless.

We're at that I dont know phase honestly.

We have built *the* protocol for moving the entire world off Tron. Untron V3 — the first light client-based, universal Tron bridge in production — is live.

1,000,000 HYPE for your legacy to be etched into the record books.

ElevenLabs just got nuked by open source