TLDR: • Polygon governance was great over the last few days, showing it knows how to take a strong position against a proposal it dislikes. • Aave and surrounding teams are monopolies that use dirty tactics to create fear. • Aave and those teams did the same when proposing to shut down Polygon PoS in reaction to Morpho potentially receiving bridge assets that they themselves made a proposal for a month ago. I’m proud of the governance process that played out in only a few short days on the Polygon forum and X. People should always stand firm in what they believe and make their voices known. Others need to be outed for the destructive impact they have had on the web3 ecosystem, exhibiting massive monopolistic behavior to control lending in web3. Specifically the Aave and ACI teams were at their usual games yesterday. At the mention of only a pre-pip (many months away from anything real potentially happening), they put forward a proposal to wind down activities on Polygon PoS. Unlike Polygon governance, Aave governance is highly concentrated. @marczeller (Mark Zeller) reminded me of this yesterday when sending an unsolicited DM trying to intimidate me by informing me that his Aave DAO proposal was guaranteed to pass. I’ve never spoken to Marc Zeller in my life, and it was unsolicited only to create fear. The problem for him is that Polygon isn’t a nascent ecosystem that fears Aave; unfortunately, not all are in the same position, especially other lending protocols they attack. Aave will seek support as they did yesterday to respond to this tweet and others to retain the control they have over lending in this industry. However, new players are emerging who will create a better web3 future. Upstanding people like @PaulFrambot , Founder of @MorphoLabs, @euler_mab, Founder of @eulerfinance, and @CoreyCaplan3, Founder of @Dolomite_io, will disrupt lending on a level playing field. Let’s create that level playing field so web3 should become what it can be. How can web3 be better? Let’s just take Morpho as an example: • Morpho developed simple, immutable code like Uniswap that can be deployed without centralized risk management of the Aave DAO. Decisions are made by that captured Aave DAO. Some say “just use Aave” but I think they really mean, “just use Marc Zeller.” • Morpho has a much simpler code base with fewer attack vectors. Morpho actually used to use Aave until it had to fix so many bugs that it decided to build something better. No more constant war rooms that one day will unfortunately fail for Aave users. • Morpho allows for significantly greater capital efficiency that can be tested and improved on in independent implementations of Morpho. This cannot happen with one giga-deployment of Aave that needs to be more conservative simply because it is less efficient. • Morpho is so much simpler than Aave that it has much lower gas fees (3-5X lower fees). This is great for more complex integrations with a lending protocol. • Morpho allows users to create personalized lending markets tailored to their specific needs and risk appetites. Aave has a standardized approach, where lending conditions are uniform across all of Aave. • Morpho has a peer-to-peer lending model that mitigates overall economic risk for users. The impact of a default is limited to the specific market involved, preventing a single default from affecting other markets within the protocol. Aave's pooled liquidity model means a single default could potentially destabilize the entire pool. The whole concept of bad debt is so broad on Aave that all users need to at all times be vigilant. It's time we build a truly open web3.