Aave’s Founder Angel Invests to Grow DeFi’s Head Start on the Banks
Stani Kulechov has backed nearly 40 projects in his search for founders who see two or three moves ahead.
Related News
Swedish bitcoin startup Safello has reportedly received $600,000 in investment capital from Coinapult co-founder Erik Voorhees, bitcoin advocate and angel investor Roger Ver, Blockchain.info CEO Nicolas Cary, and angel investment outfit Victor & Victor. The company, which we've reported on previously, will use the investment cash to grow their position in Europe, and will take other bitcoin start-ups like Coinbase, Kraken, and Bitstamp head-on. To do that, Safello has started by redesigning their website for ease of use, and they've also registered with the Financial Supervisory Authority....
Designed for institutional investors, the lending pool will feature KYC and AML restrictions. The banks are out of the bag: In a Tweet on Wednesday, Stani Kulechov, co-founder of decentralized finance money market protocol Aave, revealed that the Aave protocol has built a “private pool” for institutions to “practice” before getting involved with the DeFi ecosystem. Earlier on Wednesday, a Twitter user posted an angry tweet directed at Aave’s official Twitter account, noting that his address had been “blacklisted” due to Anti-Money Laundering requirements: Yo. WHAT THE FUCK @AaveAave $AAVE?....
In response to “extensive demand from various institutions,” Aave’s permissioned deployment will go live this month. Leading DeFi money market, Aave, has announced plans to launch a permissioned version of its platform for institutional investors this month.The platform will be launched in partnership with crypto custodian and service provider, Fireblocks.On June 4, Twitter user “TraderNoah” shared a screenshot of an email they claim to have received after attending Blockworks’ “Next Steps in Institutional DeFi” webinar that featured Aave founder and CEO Stani Kulechov, Fireblocks CEO and....
Aave’s TVL has soared past $20 billion, with one-third of capital coming from its deployment on layer-two, Polygon. Aave has surged to the top of the DeFi ranking by total value locked (TVL) amid its recent embrace of layer-two for scaling.According to Aave’s website, the v2 and Polygon deployments of the popular crypto-powered money market protocol currently represent more than $20 billion in locked capital, holding more than $12.6 billion and $7.8 billion in the respective versions.According to DeFi Llama, Aave v2 is currently the largest decentralized protocol by assets locked, while....
Big changes are coming to DeFi’s second-largest protocol and its $375 million insurance pool In a largely celebratory community call devoted in part to commemorating lending protocol Aave’s January 8th “Aaveversary” — a full year of Aave on Ethereum mainnet — there was also a look into Aave’s possible future: a proposal from Delphi Digital seeking to fundamentally alter Aave’s Safety Module and create a new insurance product offering. Currently, $aave governance token holders can stake their tokens in the Safety Module, a pool of liquidity designed to help insure the protocol against a....