Stani Kulechov of Aave Talks Flash Loans and aTokens – Ep. 21

Stani Kulechov of Aave Talks Flash Loans and aTokens – Ep. 21

In this episode, Bobby Ong, co-founder of CoinGecko is joined by Stani Kulechov, Founder and CEO of Aave. Bobby interviewed Stani on Aave, its Flash Loans, its aTokens as well as Aave’s upcoming plans.

[00:00:02] Intro
History of Aave
Flash Loans
Differences between aTokens from Aave and cToken from Compound
How is the variable interest rate and stable interest rate set on Aave?
Aave’s plans with respect to its governance
Importance of rewarding Aave token holders
Ideas for developers to build on top of Aave
What can Aave do with the Electronic Money Institution (EMI) license?
Upcoming news to expect from Aave

Quotes from the episode:

“One of the biggest Flash Loan days we have probably like 133 million worths of Flash Loans, a day.” [00:07:33]

“If you go into a mindset where Ethereum is a database and basically you can change the database and make it work for you kind of like put away the limitations.” [00:14:10]

“We are actually building the version two. It's actually now audited by five different auditors at the moment and we expect it to be released in the, quite soon.” [00:35:11]


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