Unchained
Unchained
Laura Shin
Why the Founders of Aave and Sky Are Still Bullish on Ethereum DeFi - Ep. 781
1 hour 11 minutes Posted Feb 11, 2025 at 5:00 pm.
Whether Sky and Aave are experiencing a “DeFi renaissance”
How Stani and Rune are trying to appeal to a simpler audience
Whether developers overlook how easy it is to build DeFi on Ethereum
Why Stani believes there is not a lot of innovation in Solana
What would need to happen for Aave to be in Solana
Why Sky deployed USDS on Solana
Whether the Ethereum ecosystem should be worried about users going to other chains
Why Rune praises Solana’s culture
How USDS’s growth on Base happens organically, contrary to Solana
Why they believe that the combination of AI and DeFi will be so powerful
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Show notes
Despite the ups and downs of the Ethereum ecosystem, two of its most influential builders—Aave’s Stani Kulechov and Sky’s Rune Christensen—remain bullish.In this episode, they discuss whether we’re witnessing a DeFi renaissance, the challenges of building on Ethereum vs. Solana, and why DeFi adoption isn’t growing as fast as some expected. They debate stablecoins, whether Solana is truly innovating, and how AI could transform DeFi by automating governance and risk management.They also respond to some hot takes—including whether Aave is falling behind Solana-based Kamino, and why Sky deployed its USDS stablecoin on Solana despite Rune’s long-standing Ethereum advocacy.Show highlights:
 
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Guest:
Stani Kulechov, Founder and CEO of Aave
Previous appearances on Unchained:
Stani Kulechov on Why Aave Is So Successful - Unchained
The Chopping Block w/ Stani Kulechov: Operation Chokepoint 2.0, Ethereum Innovation Push, & Polymarket Whales - Unchained
Rune Christensen, Co-founder of Sky
Previous appearances on Unchained:
Can Maker’s Rune Christensen Fix the Sad State of DAO Governance?
Rune Christensen of MakerDAO Part 1: How to Keep a Crypto-Collateralized Stablecoin Afloat
Rune Christensen of MakerDAO Part 2: How Dai Stayed at $1 While ETH Crashed From $1,400 to $85 
The Chopping Block: How to Manage MakerDAO, With Hasu and Rune
Rune Christensen of MakerDao on Its $15 Million From Andreessen Horowitz
Why It’s so Hard to Keep Stablecoins Stable
Links
Aave 2030 roadmap
Alex Svanevik of Nansen tweeted: “When Aave on Solana?” 
Qiao Wang of Alliance DAO commenting on why he recommends people build on Solana 
The First Non-EVM Deployment of Aave Protocol: Aave V3 on Aptos - General - Aptos Forum
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