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Solana Founder Highlights DeFi Resilience in Celsius vs Aave Comparison
12/07/2025, 06:06
AI SUMMARY
●Yakovenko argues on-chain protocols protected lenders during Celsius collapse
●Notes Celsius was forced to provide collateral to Aave despite insolvency
●Highlights enforced collateralization as a key advantage of DeFi over CeFi
Solana co-founder Anatoly Yakovenko engaged in a discussion regarding the structural differences between DeFi protocols and centralized entities, using the Celsius collapse as a case study. He argued that on-chain safety is independent of account linkages, noting that Celsius was forced to provide collateral to Aave to maintain its positions despite being insolvent elsewhere.
Yakovenko highlighted that the permissionless nature of protocols like Aave enforced solvency through code, protecting the protocol from the contagion that affected centralized lenders. This distinction serves as a counterargument to recent criticisms suggesting the crypto industry is ignoring systemic risks while seeking TradFi legitimacy.