Aave founder Stani Kulechov described Ethereum Foundation’s supply and borrowing activity on Aave as a demonstration of DeFi’s full utility cycle

Event date

May 29, 2025

Quotes that support claims

In a May 29 X post, Aave founder Stani Kulechov said the foundation borrowed $2 million in GHO tokens. “The EF is not only supplying ETH to Aave, but also borrowing from Aave,” Kulechov wrote, describing the development as “the full DeFi circle.”

Stani Kulechov, founder of Aave Protocol, echoed this sentiment. He highlighted that the EF is supplying ETH and borrowing on Aave, calling it a demonstration of DeFi’s complete utility cycle.

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Week 22 of 2025