the aave situation tells you everything about where defi is right now....
> a user wanted to buy 50 million dollars worth ofย $AAVE
> the interface showed a slippage warning and required a checkbox confirmation
> the user was on mobile. they confirmed and the swap went through. they got back 324 aave (ย $36ย k )
> both aave and cow swap say everything worked as designed. technically nobody is wrong
> the trade required explicit consent. the routers did their job. aave is refunding about 600 thousand in fees and says they want to reach out to the user. they also acknowledge the industry needs better protections. and that's all true but let's be honest
> returning 600k on a 50 million dollar loss is not a solution. a checkbox on a phone is not real protection
> the actual solution is infrastructure that doesn't let this happen at all. deep liquidity. proper execution
> real safeguards at scale. that already exists on hyperliquid
at some point the question stops being "why did this happen" and starts being "why are you still not trading where it can't happen"