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But we saved everything 🙂.
Stani Kulechov, founder and chief executive officer (CEO) at Avara, highlighted that Aave has processed almost $4 trillion in deposits using automated code, eliminating the need for settlement teams, back office functions, or a large workforce.
Kulechov suggested that all lending could eventually move onchain, following the example set by Aave.
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Kulechov previously reported that EIP-8363, a proposal to cut Ethereum yield, was rejected from the Hegotá fork. He has also highlighted the potential of the CLARITY Act to let U.S. banks offer more crypto services without extra approval. These developments come as Kulechov continues to advocate for expanding onchain financial infrastructure.