Bitwise exec said that Aave’s governance proposal stands out as a positive development for DeFi during the crypto downturn.

Even after four months since the massive slump from a record price above $126,000, sentiment surrounding Bitcoin remains fragile. Its failure to bounce back has intensified fears about another crypto winter.

But Matt Hougan, Chief Investment Officer at Bitwise, believes that decentralized finance could play a central role in leading the market out of the current bear phase, as investors increasingly focus on fundamentals such as real users, revenues, and sustainable value.

Aave at the Center

In a recent post, Hougan spoke about a governance proposal…