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. 1 min read

Stani Kulechov on The Success of Aave

Stani Kulechov, founder and CEO of Aave, talks with Unchain podcast's Laura Shin about the lending protocol and second-biggest DeFi project by total value locked.

Episode timestamps:

0:00 - Welcome to Unchained
0:53 - How Stani’s background studying law and his passion for fintech led him to the world of smart contracts
4:55 - Why he decided to transition ETHLend to Aave, and how that eliminated the “meme” narrative
8:04 - How Stani would explain Aave to a five-year-old, or your normie friend
14:54 - What new features were released in Aave v2
19:39 - What Aavenomics is and how the “safety module” attempts to keep the protocol secure
24:01 - How Aave is transitioning from a centralized to a decentralized protocol
36:27 - Who is using Aave and how they are using it?
49:51 - What Aave plans to do with the E-Money (EMI) license it obtained in the UK
52:12 - Since Aave was a pioneer in flash loans, which are responsible for the majority of DeFi attacks, whether Stani would do anything differently
57:42 - Aave’s partnership with tokenized real estate project RealT and how Aave manages it given that, in the US, RealT tokens are securities and can only be sold to accredited investors
1:02:57 - How Aave has been thinking about scaling given the high fees on Ethereum
1:06:16 - Why building a moat in DeFi is impossible
1:10:40 - What is next for Aave

The episode was released on February 16, 2021.