Aave CEO’s Tesla Tokenization Interest Receives Silent Treatment From Elon Musk

Aave CEO’s Tesla tokenization interest receives silent treatment from Elon Musk. Kulechov tweeted Tesla CEO Elon Musk  proposing tokenize Teslas as collateral in Aave (LEND) to borrow properties like the U.S. Dollar Coin (USDC), and Musk was also invited to learn about DeFi.

Musk has not yet responded to Kulechov’s tweet, and while very friendly to the crypto world, has not publicly commented on DeFi.

Aave’s lending protocol facilitates uncollateralized loans where parties enter into arrangements where the borrower can use the credit line of the lender.

Kulechov said the model could help get DeFi into the mainstream because it’s versatile in lending. Kulechov has been a keen supporter of more DeFi education and claims that with more conventional financial structures DeFi will play nice.

[image: Roberto Nickson]

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