Unchained
Unchained
Laura Shin
10 Years In, Here's Why Aave's Founder Isn’t Done Betting on Ethereum - Ep. 878
1 hour 15 minutes Posted Aug 1, 2025 at 1:00 pm.
Intro
What Ethereum’s 10-year milestone means to Stani
How Aave became the top lending protocol on Ethereum
Why Stani has been critical of the Ethereum Foundation
How TradFi institutions could quietly run on Aave infrastructure
What Stani thinks about the complaints over Ethereum revenues and fees
Why Aave hasn’t launched on Solana
How Ethereum treasury companies are putting Aave to work
What Aave V4 is bringing to the protocol and why it matters
How Horizon could bridge DeFi and real-world assets
Why DeFi might thrive even as TradFi and fintech move onchain
Whether DAO governance is fundamentally flawed
0:00
1:15:26
Download MP3
Show notes
Ethereum just turned 10, and Stani Kulechov, founder of Aave, one of the earliest and most influential lending protocols in DeFi, is more bullish on the OG layer 1 blockchain than ever. 
In this wide-ranging interview, he reflects on Ethereum’s resilience, explains why Aave is still laser-focused on it despite the rise of competitors like Solana, and gives us a preview of Aave V4 and its institutional play, Horizon. 
If you want to understand where DeFi is going, you’ll want to hear what Stani has to say.
 
Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com
Thank you to our sponsors!
Focal by FalconX
Xapo Bank
Guest:
Stani Kulechov, founder and CEO of Aave and ETHLend
Links:
Recent episode of Unchained with EF’s co-ED Tomasz: As Ethereum Turns 10, Where Is the Foundation Focused Next?
Unchained: Aave Labs Unveils V4 Upgrade Proposal, Introducing a Unified Liquidity Layer and 'Fuzzy' Rates
DefiLlama: Aave stats
Reuters: JPMorgan considers offering loans backed by clients' cryptocurrency holdings 
Timestamps:
🎬
🎉
🏗️
🧐
🏦
💸
🌉
💼
🔧
🌍
🤝
🗳️
Learn more about your ad choices. Visit megaphone.fm/adchoices