The Defiant - DeFi Podcast
Aave, Lens, and Avara: Stani Kulechov's Journey Through DeFi and Web3 Social
Apr 29, 2024
Stani Kulechov, founder of Aave, discusses the evolution of Aave into Avara, including Lens, a Web3 social media protocol. Topics include developer community, monetization in Web3 social, token integration, permissionless systems, competition with Maker, and reaching mainstream.
51:40
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Quick takeaways
- Aave evolved into Avara, encompassing Lens and a family wallet, revolutionizing DeFi and Web3 social interactions.
- Lens prioritizes user control, content monetization, and decentralized data ownership, challenging centralized social platforms.
Deep dives
Stani's Journey into Crypto and AVA Protocol Development
In 2016, inspired by the potential of blockchain for creating financial applications after the DAO hack, Stani Coolidge began contemplating non-custodial asset trading. This led to the creation of Iterdella, and subsequently in early 2017, the development of Itland for lending and borrowing. By 2022, AVA Protocol emerged as an iteration of Itland in a pooled model across multiple networks. The recent introduction of Go stablecoin further enhanced the AVA ecosystem, governed by the AVA DAO.
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