Stani Kulechov on Why Aave Is So Successful - Ep.212

Описание: Stani Kulechov, founder and CEO of Aave, comes onto the show to discuss the lending protocol and second-biggest DeFi project by total value locked. Here are some of the highlights:

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
● reducing overall gas costs
● aTokens
● swapping collateral
● debt tokens
19:39 - What Aavenomics is and how the “safety module” attempts to keep the protocol secure
● How AAVE works as a governance token
● Active versus passive risk in governance staking
24:01 - How Aave is transitioning from a centralized to a decentralized protocol
● what he's finding difficult about this process
● issues with voting and an over-reliance on the Aave team
● delegating voting power to what he calls “protocol politicians” and whether this is good or bad for DeFi
36:27 - Who is using Aave and how they are using it?
● what OpenLaw is and how OpenLaw contracts work
● how credit delegation, or unsecured loans enforced by law, differ in v2 vs V1
● how people could use lending protocols to build credit
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

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Episode links:
Stani Kulechov:   / stanikulechov  
Aave: https://aave.com
Aave stats: https://aavewatch.com

Protocols mentioned
ETHLend: https://www.prnewswire.com/news-relea...
Aavegotchi: https://www.coindesk.com/defi-game-aa...
RealT:   / realt-market-coming-to-the-aave-protocol  
Yearn: https://yearn.finance/
Uniswap: https://uniswap.org/
Sushiswap: https://sushiswap.fi/
Kyber: http://kyber.network/
Balancer: https://balancer.finance/
$LINK: https://chain.link/
Aavenomics
Aave’s documentation: https://docs.aave.com/aavenomics/
Safety Module: https://docs.aave.com/aavenomics/safe...
Summary: https://aave.com/aavenomics/
More background: https://defirate.com/aavenomics-upgrade/
Decentralization concepts
Handing off admin keys: https://decrypt.co/46544/aave-officia... +   / aave-admin-key-handover  
OpenLaw: https://www.openlaw.io/
Protocol Governance: https://www.theblockcrypto.com/linked... + https://docs.aave.com/developers/prot...
Other topics
Electronic Money Licence: https://www.theblockcrypto.com/post/7...
Unsecured Loans: https://www.theblockcrypto.com/post/7...
Flash Loans: https://www.theblockcrypto.com/genesi...
Aave Version 2:   / the-aave-protocol-v2   + https://github.com/aave/protocol-v2/b...

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