Aave Hands Lens Control to Mask Network, Refocuses on DeFi

The choice shifts accountability for constructing user-facing functions to Masks, whereas Aave retains its deal with decentralized finance.

The replace was confirmed by each Lens and Aave’s founder, Stani Kulechov. In a publish on X, Kulechov mentioned Aave will now present technical steerage relatively than lead improvement.

Masks Community, recognized for including blockchain instruments to social and messaging apps, will information Lens by means of its subsequent section. It would take cost of product planning, consumer expertise, and day by day operations for functions constructed on the protocol.

These embrace social platforms like Orb, in addition to different initiatives that use Lens to attach customers through on-chain profiles.

Though the transition was described as a change in “stewardship”, each groups clarified that it was not a sale or possession switch.

Its principal elements, such because the social graph, profiles, follows, and good contracts, will keep accessible to anybody who needs to construct on them.

There is no such thing as a signal of a switch involving governance, mental property, or treasury property.

Aave’s function can be restricted to offering protocol-level recommendation, whereas Masks Community will deal with the whole lot associated to the consumer aspect and app improvement.

Just lately, Chainlink introduced plans to carry extra of the US inventory market onto blockchain networks. How? Learn the total story.