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Stani Kulechov, founder and chief executive officer at Avara, highlights a new all-time high for Aave, with over $1.1 trillion in loans processed.
Kulechov contrasts the traditional finance system, which depends on back offices, settlement teams, intermediaries, and legal agreements, with Aave's use of code to coordinate lending. He argues it is time to move all lending onchain and cites Aave as the driver for this transition.
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Kulechov previously reported that EIP-8363, a proposal to slash Ethereum yield, was rejected from the Hegotá fork. He has also described the CLARITY Act as a potential breakthrough for DeFi regulation in the U.S.. Both developments contribute to the ongoing evolution of decentralized finance that Kulechov continues to track closely.