{"id":548403,"date":"2023-02-06T15:10:42","date_gmt":"2023-02-06T12:10:42","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/stablecoin-adoption-could-lead-to-defi-growth-says-aave-founder\/"},"modified":"2023-02-06T15:10:42","modified_gmt":"2023-02-06T12:10:42","slug":"stablecoin-adoption-could-lead-to-defi-growth-says-aave-founder","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/stablecoin-adoption-could-lead-to-defi-growth-says-aave-founder\/","title":{"rendered":"# Stablecoin adoption could lead to DeFi growth, says Aave founder"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a40a8ddb4aad\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a40a8ddb4aad\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/stablecoin-adoption-could-lead-to-defi-growth-says-aave-founder\/#%E2%80%9D_Stablecoin_adoption_could_lead_to_DeFi_growth_says_Aave_founder_%E2%80%9C\" >&#8221; Stablecoin adoption could lead to DeFi growth, says Aave founder &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Stablecoin_adoption_could_lead_to_DeFi_growth_says_Aave_founder_%E2%80%9C\"><\/span>&#8221; Stablecoin adoption could lead to DeFi growth, says Aave founder &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-5a4050f8>Stani Kulechov, the founder of the decentralized finance (DeFi) protocol Aave, highlighted several issues within the DeFi space at the StarkWare Sessions 2023, held at The Cameri Theatre in Tel Aviv, Israel.\u00a0<\/p>\n<p>In a fireside chat titled \u201cDeFi: Resilience in the Face of Global Uncertainty,\u201d Kulechov and Cointelegraph\u2019s managing editor Alex Cohen discussed various topics, including DeFi\u2019s risks compared to traditional finance (TradFi) and how stablecoins can lead to more DeFi adoption.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2023-02\/69b23222-b8be-4858-b432-72d9b03354bf.jpg\"><figcaption style=\"text-align: center;\"><em>Fireside chat with Aave founder Stani Kulechov and Cointelegraph managing editor Alex Cohen at the StarkWare Sessions 2023<\/em><\/figcaption><\/figure>\n<p>According to Kulechov, the preciseness of quantifying risks in DeFi is better than TradFi products, which could push further space adoption. The Aave founder explained that operating in DeFi would become cheaper than TradFi as the risks are identified more easily. He said:\u00a0<\/p>\n<blockquote><p>\u201cYou have all this visibility, you can actually quantify the risk more precisely which should mean that then you\u2019re operating in an environment where it should be cheaper for you because the risks are more known.\u201d <\/p><\/blockquote>\n<p>When asked about onboarding regular people who may not be as \u201ctech-savvy\u201d into the DeFi space, Kulechov noted that stablecoins and payments could play an important role. According to the Aave executive, building the \u201cpayment layer,\u201d which involves stablecoins, can potentially hook regular people into the space, eventually introducing them into DeFi. <\/p>\n<p>\u201cIt\u2019s more about building that payment layer, and then the whole DeFi loop starts to close because you have a way to exchange value easily,\u201d he said. In addition, Kulechov also noted that pushing the innovation curve further can break more adoption. <\/p>\n<p>However, the Aave executive also recognized several issues within the stablecoins space, including the value within the ecosystem and the collateralization of decentralized stablecoins. Kulechov explained that: <\/p>\n<blockquote><p>\u201cThe current issue is that there is not enough value in the ecosystem that you just have less backing in decentralized stablecoins compared with centralized. And, I think that\u2019s where we have kind of like a big problem at the moment.\u201d<\/p><\/blockquote>\n<p>The Aave founder added that the stablecoins, which he described as the \u201cmost resilient ones,\u201d are overcollateralized. <\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>DeFi enjoys prolific start to 2023: D<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>Radar report<\/em><\/strong><\/p>\n<p>When asked about DeFi becoming more of a buzzword in the near future, the Aave protocol founder expressed confidence in the space being around for a long time. He said: <\/p>\n<blockquote><p>\u201cDeFi will be around for quite a long time because it solves one of the first problems that blockchain has been solving. And, it\u2019s an infrastructure that\u2019s going to be used in many applications.\u201d<\/p><\/blockquote>\n<p>The founder highlighted that there are many new innovations in the space, even finding their way into non-financial applications. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"defi_newsletter\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/stablecoin-adoption-could-lead-to-defi-growth-says-aave-founder\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Stablecoin adoption could lead to DeFi growth, says Aave founder &#8220; Stani Kulechov, the founder of the decentralized finance (DeFi) protocol Aave, highlighted several issues within the DeFi space at the StarkWare Sessions 2023, held at The Cameri Theatre in Tel Aviv, Israel.\u00a0 In a fireside chat titled \u201cDeFi: Resilience in the Face of&#8230;<\/p>\n","protected":false},"author":1,"featured_media":548404,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/uploads\/2023-02\/07631882-7ee1-4c04-be6b-ae65936ad44e.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[92664,74868,80667],"class_list":["post-548403","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-aave","tag-defi","tag-event"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/548403","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=548403"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/548403\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/548404"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=548403"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=548403"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=548403"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}