Bankless EthCC #6 | Stani Kulechov - "GHO is the Next Big Stablecoin"
Jul 30, 2022
Stani Kulechov, the visionary founder of Aave, discusses groundbreaking developments in decentralized finance and Web3. He delves into the launch of GHO, Aave's new stablecoin aimed at enhancing payment functionalities. Stani also explores how non-financial use cases can drive broader adoption in the Web3 community, emphasizing accessibility and innovative applications like the Lens Protocol. Tune in for insights on navigating the crypto landscape amidst current market movements and the creative power of decentralized data!
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Bull Market Noise
- Bull markets generate traction and visibility for projects but can lead to overlooking fundamentals.
- Focus on building sound systems, especially in DeFi, regardless of market conditions.
DeFi and Governance Evolution
- DeFi communities and governance are evolving and require more iteration.
- New users are onboarding to layer-2s, inheriting Ethereum's security while enjoying lower transaction costs.
Bear Market Differences
- The current bear market differs from the previous one due to a more developed DeFi ecosystem.
- Current protocols are resilient, battle-tested, and some even generate revenue for further development.