Bankless 29 - Aave to Billions | Stani Kulechov
Sep 7, 2020
Stani Kulechov, the founder of Aave, a pioneering DeFi money market protocol, shares his insights on innovation in decentralized finance. He discusses Aave's remarkable ascent from 5 million to 1.4 billion in locked value, emphasizing the role of community feedback. Stani reveals how Aave thrived during bear markets, the impact of VC versus ICO funding, and the significance of features like flash loans. He also forecasts the future of Aave and the DeFi landscape, highlighting the importance of democratizing financial tools for users worldwide.
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Aave's Unlikely Origin
- Stani Kulechov, founder of Aave, points out that Aave originated in Finland, a country not known for major tech projects.
- Despite Finland's small size, it has strengths in education and innovation, exemplified by companies like Nokia and gaming companies like Rovio, creator of Angry Birds.
Law and Code
- Stani Kulechov's background in law and software development converged in his interest in Ethereum and smart contracts.
- He was fascinated by the idea of immutable code and its potential to revolutionize finance.
DeFi's Appeal
- Stani Kulechov's interest in DeFi stemmed from a combination of intellectual curiosity and a desire to build something new.
- His background in open-source software and law, along with the concept of smart contracts, all contributed.
