Stani Kulechov is the founder and CEO of Aave and ETHLend. Aave is a leading DeFi protocol which is an open source and non-custodial money market protocol to earn interest on deposits and borrow assets. He is a seasoned entrepreneur with extensive experience developing technology in the crypto, blockchain, and fintech space. Kulechov is also a mentor to many founders and advisors of ICOs and blockchain projects and has spoken at numerous FinTech, Blockchain and cryptocurrency events,particularly on topics related to Ethereum Smart Contracts. Kulechov was studying law at the University of Helsinki when he first got into Ethereum and he started exploring how it could impact the traditional financial system. In 2017, Kulechov released ETHLend, one of the first DeFi DApps ever. Since then, he has made it his mission to create tools for an open, transparent, and equitable financial ecosystem through Aave Protocol. In 2020, his leading DeFi protocol Aave has raised $3 million from Framework Ventures and Three Arrows Capital in Jul.
“Building resilient DeFi is becoming difficult.” (As reported by Cointelegraph)
“China plays an important role in the global DeFi ecosystem and remains a key market for our long-term success. [...] China has a massive user base that will bring liquidity, volume, and more innovation to global markets for greater growth potential.” (As reported by Cointelegraph)
“The biggest advantages of DeFi is that its permissionless to participate (no KYC, credit score, etc.), same rules apply to everyone, liquidity is ’borderless’ (you can access the market from anywhere & anytime as long as you have internet), and it’s non-custodial so you have full control over your money and you can use it however you want.” (As reported by Cointelegraph)
“First and foremost, ensure that the service provider does not hold your assets. This means that there must be a smart contract that holds the funds and secondly ensures that the transactions are conducted via smart contract and not through a third party signing. You should choose DeFi projects based on transparency and track record.” (As reported by Cointelegraph)
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