Powered by Base: Aave (Founder and CEO, Stani Kulechov)

The world's financial system is running on outdated trails and over time I think the whole Hi, I'm Zhen, Director of Marketing at Base. Welcome Stanny. Thanks for having me here. To kick off, what's RV? RV is a lending protocol.

Users can supply stable coins into the to earn interest, these stablecoins are then linted out against a collateral. All this activity is happening on the blockchain, specifically also on base with a few hundred lines of code. And that's effectively where the idea of Aave was born. The first version of Aave was launched in 2020, and it has already crossed 4 trillion in net deposits and over 1 trillion in borrowing volume volume over the years. Wow, that's incredible growth.

What are you launching on base? So, we're launching on base stock-backed loans. This means that you're able to use tokenized stocks as a collateral and borrow USDC against that. And now you can actually unlock liquidity against stock liquidity. And it means that you will be able to hold a lot of these tokenized stocks, companies that are building the future, while being able to access.

I see. So, if I hold tokenized stocks, I can put them on an Aave and get alone against them and use that alone for something else. Exactly. Being able to access tokenized stocks, being able to use them as a collateral, and get alone against that. I think that's the biggest opportunity here.

By doing everything directly on Chain, that reduces the cost structure and those benefits can be transformed all the way to the users. And this is basically what Blockchain is here to solve. Creating more program programmability, reducing costs, and transparent. And all this is visible on chain and not in quarterly reports, but every single block. I see.

So usability, speed, what other factors are important when choosing a chain? Community is very important and Base has a very strong DeFi community and a lot of assets as well. And this helps to actually bootstrap a lot of on-chain financial products. Very important criteria when you are choosing a chain. A lot of people around the world, they don't have access to dollar or public markets, lack of access to well-creation tools.

In the future, if we build all this infrastructure and bring it on chain, what it actually means is that we can create even more financial opportunity for people around the world. That is the vision that we want to follow and partnering with base and doing it on base is the right approach to create global markets for R&D stock back landing. It's a pathway to get all the stocks on chain and making them as productive as possible. And a did you choose to launch on base and with Coinbase tokenized-ized stocks specifically? The structure of Coinbase token-ized stocks allows the users to actually have the most direct relationship with the underlying.

And this is really important for Aave. We believe in an ability to own and control your assets. So it really fits our roadmap and vision really well. Seeing progress is what makes me quite excited. Whether that progress happens through Harvard, through Coinbase, or Base, or any builders in the ecosystem, that moves the space forward and that is what excites me the most.

We believe in the thesis of funding abundance. Our goal is to bring tools to people to actually preserve wealth, accumulate wealth, and achieve financial freedom. That's the sort of future we believe in. Well, that's really inspiring. Steny, thanks for the chat.

Thank you so much.