Dragonfly’s Haseeb Qureshi: Aave Has the Capital to Absorb Bad Debt Amid DeFi Risk Concerns

TLDR: Dragonfly Managing Partner Haseeb Qureshi says Aave holds sufficient capital to absorb any bad debt it may face.  DeFi has survived major crises including Terra’s collapse, the 2022 stETH depeg, and 2020 liquidation failures.  Qureshi compares DeFi’s recovery process to how traditional finance evolved through historical banking crises.  Active governance debates within DeFi communities [...]

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