Aave CEO Stani Kulechov spoke at the Digital Asset Summit in London on how his market-leading platform was working to solve the issues faced by crypto investors and making DeFi more accessible to everyone.
Kulechov started the conversation by giving his thoughts on ‘DeFi 2.0’ – the latest iteration in the exciting decentralised finance ecosystem.
He said he finds the ‘DeFi 2.0 meme’ interesting as it “urges DeFi builders to innovate more because DeFi is a big sandbox of experimentations” that includes thousands of developers across the globe innovating on a permission-less basis.
To encourage further innovation, he revealed Aave has set up an “experimentation shop” within the platform to “kickstart different kinds of experimentation” to gauge its traction in emerging markets.
According to Kulechov, the protocols being developed in the shop could bring the next wave of adaption in the space and, if figured out, “might be the way to scale it into a one billion direct-user audience”.
He then touched on how the multi-chain offering of Aave, which includes products on Ethereum, Polygon and Avalanche brings “access to a new audience” via smaller, more frequent transactions.
The multi-chain offering “empowers smaller deposits and more users” due to lower fees and brings greater accessibility and diversity to DeFi, according to Kulechov.
Kulechov spoke at the Digital Asset Summit in London
He then moved on to institutional interest in DeFi, saying that institutions were looking into DeFi “heavily” and remain interested in how they can participate in the space.
Kulechov said the platform was being built in the “most diligent way” possible, with “very heavy, mainstream institutional usage” in mind.
“We also want to be part of building very resilient protocols that will empower billions of users at some point,” concluded the Aave chief.
Kulcechov finished on Aave’s institutional offering – ARC – which can bring “permission-less DeFi” to the array of interested parties.
He said that the ARC market offers ‘whitelisting’ functionality, meaning “certain whitelisters can whitelist depositors, borrowers and liquidators” – allowing “higher compliance requirements” and “room for institutions to test the waters with DeFi”.
Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.