Elon Musk has been known to support the growth of Dogecoin through Twitter. However, this time around it seems like he has not checked any of his Twitter mentions. Aave co-founder and CEO Stani Kulechov seems to be highly interested in bringing Tesla into the decentralized finance (DeFi) arena.
Kulechov tweeted at Tesla CEO Elon Musk. In that tweet, he offered to tokenize Teslas as collateral in Aave (LEND) to borrow assets. Some of the assets available for borrowing include the U.S. Dollar Coin (USDC). Stani believes that the entry of Tesla into the crypto world will ensure that the crypto sector gains mass adoption sooner than anticipated.
Stani is inviting Musk to learn something about decentralized finance and even join in the budding sector of the crypto industry. However, Musk is yet to respond to the tweet. The Tesla CEO who is notably quite friendly to the crypto world has not yet made any public comments about DeFi.
Aave’s lending protocol supports non-collateralized borrowing where the parties enter agreements where the borrower can use the lender’s credit line. Stani added that the model can help bring DeFi into the mainstream since it makes lending flexible.
Stani is a major proponent of more decentralized finance education and thinks DeFi can play an integral role in the development of more traditional financial systems. It is not a wonder to link Tesla to DeFi since Musk is a known supporter of cryptos. Interestingly, Bitcoin and Tesla are two of the most popular assets on the TradingView financial charting platform.