29 - Aave to Billions | Stani Kulechov
Bankless
Bankless
4.7 • 1.2K Ratings
🗓️ 7 September 2020
⏱️ 121 minutes
🧾️ Download transcript
Summary
Episode: #29
September 07, 2020
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Stani Kulechov is the Founder of the Aave money market, a place for lending and borrowing assets in DeFi.
Aave has marched up the DeFi leaderboard to become one of the top protocols with the most amount of value deposited into its contracts. Aave's token LEND has increased 3300% since its bear market low.
What contributed to Aave's success? What did Aave do differently? Why did Aave's community thrive when others died? What's next for Aave and Aavenomics?
We ask Stani these questions and many more, in order to get a glimpse of what is successful in this DeFi frontier!
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WE COVER
1) Crypto-Native Founders
2) Early days of Aave -- ETHLend and the Aave pivot
3) Sticking it out through the bear market
4) Establishing the team-community relationship
5) Rising the Ranks of DeFi
6) VC investment vs ICO investment; pros and cons
7) Aave moves FAST!
8) Aavenomics and Aave Roadmap
9) Bull Market Predictions!
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Resources discussed:
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Transcript
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| 0:00.0 | Welcome to Bankless, where we explore the frontier Internet money and Internet finance. |
| 0:19.2 | This is how to get started, how to get better, and how to front run the opportunity. This is Ryan Sean Adams. I'm here with |
| 0:25.3 | David Hoffman and we're here to help you become more bankless. David, how are you doing my friend? |
| 0:32.2 | Super good Ryan just came out of this interview with Stani Kolotrov from Ave. |
| 0:37.0 | Ryan, what did you think of this interview? |
| 0:39.0 | Man, it was so much fun. |
| 0:40.0 | I think it's a perfect next episode from our last episode with Vance from Framework where Vance talked a lot about these unique characters in the |
| 0:50.1 | Defi space these crypto-native founders. |
| 0:53.7 | And he actually mentioned Stani by name |
| 0:56.8 | as one of the archetypes of these types of founders. |
| 1:00.0 | And we're going to be doing a series, |
| 1:01.9 | the next few episodes, |
| 1:02.8 | including this one, our series, |
| 1:04.6 | where we actually talk to these crypto native founders, |
| 1:08.1 | the actual builders, the people that Vance was talking |
| 1:11.7 | about, the people who are sort of unique to this, I guess, |
| 1:15.5 | generation of D-5 protocol building. |
| 1:18.8 | And I think one of my takeaways from this conversation with Stani was just how understated that Stani and his team at Ave are. |
| 1:27.7 | Almost used the word kind of humble about what they built. |
| 1:32.1 | At one point in our conversation Stani says of locked value inside of the Ave protocol. And here we are. They have about 1.4 billion |
| 1:47.2 | locked in six months later. Just the amount of kind of building that's been going on with Ave, |
| 1:55.0 | you know, his team style of just constant shipping product, never stopping, |
... |
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