SHOULD AAVE EXPAND BEYOND ETHEREUM?

Summary from the TLDR Crypto newsletter

Aave deploying on other chains doesn't necessarily pull capital away from Ethereum, citing Sumcap analysis showing only about $1 of every $7 deposited into Aave V4 actually left V3, meaning most V4 growth represents new capital rather than migrated capital. In looking at Aave's work with Chainlink and infrastructure like Fulcrum, which could let collateral stay on Ethereum while being used to borrow on other chains such as Arc, one could see Aave's multi-chain expansion as a business decision to go where users and liquidity already are rather than a loyalty question.