Modular Lending / Modular Leverage

Some thoughts about the lending space and modularity:

1. Never work on a lending protocol, perps, or anything involving risk underwriting. It's the most terrible and difficult segment to go into. It's not rewarding, and you can't ever sleep or go on vacation. Wouldn't wish this to anyone.

2. Read point (1) again, don't do it.

🫶🫂

Jokes aside, wrote an extensive research piece and outlined the differences among Gearbox, Aave, Morpho, Ajna, and other protocols - in the context of modular leverage / lending. Fluid, Silo, Frax, Curve, and many others have good takes.

PS: this is not a diss at Aave or anyone else; please, no bag fights. There are many chad teams. But if you work on a protocol and believe it has advantages, you need to preach and push it. And the more, the better.

- TLDR is here: https://twitter.com/GearboxProtocol/status/1784987887551046086
- Full piece is here: https://blog.gearbox.fi/gearbox-modular-leverage/