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29 - Aave to Billions | Stani Kulechov

Bankless

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Aave's DeFi Journey: From ICO to Innovation

This chapter explores Aave's successful Lend token sale in 2017, which raised nearly $18 million and set the foundation for its rise in the DeFi space despite initial challenges. It delves into the innovative features that attracted users, including flash loans and community-centric approaches, while comparing Aave's collaborative spirit to that of other protocols like Compound. The discussion highlights the importance of partnerships and the evolution of decentralized finance, emphasizing how Aave's journey reflects the broader movement towards democratizing financial tools.

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