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In a fireside chat (titled “DeFi: Resilience in the Face of Global Uncertainty”) with Alex Cohen at the two-day event StarkWare Sessions held during ETHTLV 2023 week in Tel Aviv, Israel, Aave Founder and CEO Stani Kulechov shared his thoughts on the DeFi space and its potential for wider adoption.
As Cointelegraph reported earlier today (6 February 2023), during this interview with Cointelegraph’s managing editor Alex Cohen, Kulechov stated that the ability to precisely quantify risks in DeFi makes it better than traditional finance (TradFi) products and could result in cheaper operating costs as risks are more easily identified.
As far as the integration of regular people into the challenge is concerned, kulechov stressed the important role that stabilitiesand payments can play. He believes that by building a payout layer, defi can hang ordinary people in space, finally presenting them to other challenge offers.
However, the executive has also recognised some challenges in the area of health, including the amount of value in the ecosystem and ensuring decentralised health. He noted that at present there is not enough value in the ecosystem, leading to less support in decentralised versus centralised stablecoins.
When asked what the future of the challenge will look like, kulechov spoke of his trust in space, Indicating that he will be there for a while as it solves one of the first issues that the blockchain has put in place to respond and will serve as infrastructure for a broad range of applications. The founder also noted that there are a lot of new innovations in challenge, even finding their place in non-financial apps.
