Latest news with #StaniKulechov
Yahoo
2 days ago
- Business
- Yahoo
Ethereum Wallet MetaMask Adds Stablecoin Yield With DeFi Giant Aave
MetaMask, the Ethereum-based crypto wallet, is offering its users the ability to earn interest on their stablecoins thanks to a new partnership with decentralized lending protocol Aave. The feature, called Stablecoin Earn, gives MetaMask's million-plus users access to yield on USDC, USDT and DAI without leaving their wallet. The earnings come from Aave's lending infrastructure, which offers yield in exchange for depositing assets that can be borrowed by others. Stablecoins, which have become one of the hottest areas in crypto thanks in part to new legislation in the U.S., grew out of the DeFi space initially. Earning passive yield on stablecoins inside the MetaMask wallet, which has been focused on staking services and Web3 access, removes the need to navigate complex decentralized finance (DeFi) interfaces or third-party platforms, the company said. MetaMask, built by core Ethereum development firm Consensys back in 2016 has a solid partner in Aave, which claims to be the largest DeFi lending protocol by total value locked at over $50 billion. The Mastercard-powered MetaMask payment card is also part of the integration, the companies said, allowing users to spend Aave's yield-bearing aUSDC directly in real-world transactions while continuing to earn yield until the moment of spending. 'MetaMask is the most popular way for people to access Web3, with millions of users. This partnership brings DeFi earning opportunities straight into the wallets people already use, helping them get more from their assets and take control of their financial future,' said Stani Kulechov, founder of Aave Labs in a statement. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
08-07-2025
- Business
- Yahoo
Exclusive: Aave founder sees U.S. push to lead in crypto, DeFi policy
Exclusive: Aave founder sees U.S. push to lead in crypto, DeFi policy originally appeared on TheStreet. Aave, a leading decentralized finance protocol that allows users to lend, borrow and earn interest on crypto assets, continues to expand its footprint in policymaking circles. In an interview with TheStreet Roundtable, Aave Labs founder Stani Kulechov reflected on discussions at the White House and Capitol Hill and the implications for both TradFi and DeFi. When asked about his meetings in Washington, D.C., Kulechov noted a prevailing sense of enthusiasm. 'I think overall, there is a real sense of optimism and environment to build products and protocols around decentralized finance as of today,' he said. He added that institutions and fintech firms are 'trying to understand how to leverage this technology' — a testament to growing mainstream interest. During his White House visit, Kulechov learned of a 'big push towards establishing the US as an epicenter for digital asset space, and specifically for crypto.' He highlighted efforts to secure Bitcoin reserves and preserve 'self-custodial access' — key pillars for the industry. Aave is a decentralized finance (DeFi) platform that lets people lend and borrow cryptocurrencies without a bank. Lenders earn interest by depositing crypto into shared liquidity pool. Borrowers take out loans using their own crypto as collateral — all powered by smart contracts. On Capitol Hill, discussions have centered on stablecoin legislation, notably the GENIUS Act. According to Kulechov, the act 'sets out ruling and reduces the ambiguity around what stablecoins are and how to think about them in terms of regulation.' That certainty, he explained, empowers fintechs to adopt stablecoins to settle transactions — reducing settlement time and improving velocity and efficiency. 'This has kickstarted a lot of discussions among not just fintechs, but also within big tech, e-commerce, and different types of even state-based issuers,' Kulechov said, as they explore how stablecoins could fit into business models or state-level initiatives. Kulechov also touched on the broader market structure bill in Congress. While he acknowledged that the legislation may evolve, he praised its role in defining regulatory boundaries. 'Understanding how to innovate in digital asset space and in DeFi — where does the oversight come from the SEC and how to transition to the oversight of CFTC over time as the network project matures.' He pointed to discussions at the Securities and Exchange Commission's DeFi roundtable — including talk of an exemption for DeFi innovation. 'I find this really agnostic approach,' Kulechov observed, noting that regulators are considering whether to focus on service providers rather than the underlying technology. With the U.S. charting a more defined course for both DeFi and stablecoins, Kulechov remains optimistic. 'I think there's a really good optimistic landscape at the moment within the US — and I think also we will see a lot of progress in other countries as well that are following the steps of US as fall down the line.' Exclusive: Aave founder sees U.S. push to lead in crypto, DeFi policy first appeared on TheStreet on Jul 8, 2025 This story was originally reported by TheStreet on Jul 8, 2025, where it first appeared. Errore nel recupero dei dati Effettua l'accesso per consultare il tuo portafoglio Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati
Crypto Insight
01-07-2025
- Business
- Crypto Insight
TradFi could move onchain due to ‘horrible banking experiences'
Crypto has a chance to court traditional finance players, who are already looking at non-traditional financial technology after being let down by banks, says Aave Labs founder Stani Kulechov. 'Thanks to horrible banking experiences, we've seen a lot of finance coming into fintech, and fintech applications [have been] able to capture a lot of market share,' Kulechov said onstage at EthCC 2025. He added that Aave Labs, which develops the decentralized lending and liquidity platform Aave Protocol, and other decentralized finance projects have been 'working on how to actually get all this utility into more decentralized mediums.' 'Over 60% of the population has some sort of a digital wallet. It's not onchain, but they have some sort of a digital means of interacting with certain transactions,' Kulechov said. 'A lot of the adoption has happened in digital finance at the moment, and the continuation is how to bring this mass onchain.' Tokenized real-world assets can pull in TradFi Kulechov said that the tokenization of real-world assets is a 'multi-trillion-dollar opportunity' for the crypto sector to engage with traditional finance. 'There's real estate, there's government bonds, there's equities, corporate bonds, and there's a bunch of other categories of assets out there that could be more efficiently handled on a transparent ledger and a more programmable environment,' he added. Kulechov said that if the crypto sector is 'able to get all this legacy stuff onchain,' it could create a more efficient environment for the assets and could 'build beyond' and create assets that 'could exist that [don't] exist because of these inefficiencies.' 'DeFi is the only technology that actually can do that in a borderless way,' he added. DeFi needs to be '10 times better' for mass adoption Kulechov, however, acknowledged that decentralized finance 'is not really known publicly' and many protocols, including Aave, are 'not even close' to having the same number of users as some fintech apps. He said DeFi needs to present 'a clear value proposition' and needs to solve 'real problems and have good solutions' to have a chance at mass adoption, adding: 'If we want to compete with traditional finance, if we want to change the world, we want to do things 10 times better.' 'Your product needs to be 10 times better,' he said. 'When we bring the traditional assets, the traditional value chain, we have to offer something that is much better. There needs to be a better value proposition: Simplicity and accessibility,' he added. TradFi has started to use blockchain Some financial tech companies have started to use blockchain technology, including BlackRock, which launched an Ethereum-based tokenized money market fund in March 2024 that has grown to over $2.8 billion in total value. The company also filed in April to create a share class based on a digital ledger for its Treasury Trust fund, which will use blockchain to record share ownership. Asset manager Libre Capital said in April that it would tokenize $500 million in Telegram debt, which is available to accredited investors and usable as collateral for onchain borrowing. Source:
Cision Canada
17-06-2025
- Business
- Cision Canada
CoinDesk Overnight Rates (CDOR) to Support Stablecoin Money Markets based on Aave
These first-of-kind money market rates transform Aave pool activity into conventional overnight rates to support interest rate derivatives and floating rate loans. NEW YORK, June 17, 2025 /CNW/ -- CoinDesk Indices, a leading provider of digital-asset benchmarks, in collaboration with Sentora, a pioneer in institutional DeFi solutions, today announced the launch of CoinDesk Overnight Rates (CDOR), the first benchmark interest rates that draw upon Aave's lending pools to provide standardized overnight rates for major stablecoins. CDOR to Support Industry Growth CDOR rates are designed to support markets for hedging funding costs, securing yields, and developing cross-currency rate strategies. Calculated and published daily, these rates are accessible to exchanges, market makers, protocol treasuries, and structured-product desks. Stani Kulechov, Founder of Aave Labs says,"CDOR is a new benchmark interest rate built on Aave's deep onchain liquidity. It provides a transparent, risk-free lending rate that unlocks new use cases for stablecoins, such as derivatives and fixed-income products, enabling more efficient, scalable, and automated financial markets." The first CDOR rates utilize activity on Aave v3's Core variable borrow pools for USDC and USDT. CoinDesk Indices has released a methodology that converts this on-chain activity into a historical daily (or "overnight") rate that can be aggregated over longer periods. These pools, whose rates react instantly to changes to supply and demand, are important facilities in decentralized finance that reflect activity of a large population of borrowers and lenders. Andy Baehr, CFA, Head of Product and Research, CoinDesk Indices says "Stablecoins are expected to grow into the trillions, but there is no institutional-grade money market for trading and hedging term rates. CDOR rates provide a cornerstone element for the stablecoin rates markets, using the same conventions as TradFi benchmarks, which support the largest derivatives markets in the world." Anthony DeMartino, CEO, Sentora says, "Sentora's mission is to make on-chain finance as efficient as traditional finance. With CDOR rates you can switch from floating to fixed funding, or speculate on the curve, in a single, capital-efficient trade; a crucial building block that's been missing for years. These rates will enable new DeFi use cases and Sentora is happy to support the evolution of capital markets on-chain." Liquidity Providers Signal Support for CDOR Exchange-traded futures contracts, currently under development, will settle against CDOR rates and will provide market participants with new and powerful tools for risk management and strategy implementation. Galaxy, FalconX, Flowdesk and Tyr Capital will act as founding market makers. Ed Hindi, CIO, Tyr Capital says,"CDOR rates enable the creation of a broad range of financial derivatives that are currently missing in the crypto financial ecosystem. This addition alongside a clearer regulatory environment should exponentially increase the interaction of institutional players with DeFi. The ability to efficiently manage interest rate risk is a game changer for the CeDeFi markets. Tyr Capital is thrilled to be more widely involved in making the TradFi and crypto relationship more symbiotic." Jason Urban, Global Head of Trading at Galaxy says,"With CDOR rates, the market gains a powerful rate signal that reflects real-time borrower demand and enables smart, scalable trading strategies. It's a meaningful step in bridging DeFi and traditional finance, making stablecoin markets more accessible and actionable for sophisticated investors." Joshua Lim, Global Co-Head of Markets, FalconX says,"We are pleased to partner with CoinDesk Indices and Sentora on their CDOR product suite. The next phase of growth in crypto will be driven by convergence of CeFi and DeFi capital markets." Reed Werbitt, US CEO, Flowdesk says,"The introduction of CDOR will enable broader institutional adoption and participation in crypto credit markets, enhancing capital efficiency and risk management across our trading strategies. The ability to mitigate interest rate risk is a critical foundation of a functioning capital market, and we're excited to be working with Sentora to bring this product to fruition." By turning on-chain market activity into standardized interest rates, CDOR lays the groundwork for exchange-traded money-market futures and other rate-based derivatives. For additional information on CDOR please visit View the CoinDesk Overnight Rates (CDOR) - Aave | USDC and Aave | USDT. About CoinDesk Indices Since 2014, CoinDesk Indices has been at the forefront of the digital asset revolution, empowering investors globally. A portfolio company of the Bullish Group, its indices form the foundation of the world's largest digital asset products. CoinDesk Indices is regulated in the UK by the Financial Conduct Authority and offers products across multi-asset indices, reference rates, and strategies. Flagships such as the CoinDesk Bitcoin Price Index and the CoinDesk 20 Index set the industry standard for measuring, trading, and investing in digital assets. With tens of billions of dollars in benchmarked assets, CoinDesk Indices is a trusted partner. About Sentora Sentora, born from the recent merger between DeFi technology specialist IntoTheBlock and financial solutions provider Trident Digital, is a leader in developing institutional-grade DeFi solutions, yield strategies and risk-management infrastructure. Sentora's solutions connect leading digital asset firms and large capital allocators to the advantages of decentralized finance. About Aave Protocol Aave is the leading decentralized, non-custodial liquidity protocol, with over $40 billion in total value locked (TVL). It allows users to earn yield on deposits and borrow a wide range of digital assets without intermediaries. Core features include risk management tools such as supply and borrow caps, flash loans, and GHO — a decentralized, overcollateralized stablecoin native to the protocol. Aave is fully governed by the Aave Decentralized Autonomous Organization (DAO). Learn more or participate in governance at Disclaimer CoinDesk is a portfolio company of the Bullish Group. CoinDesk Indices, Inc., including CC Data Limited, its affiliate which performs certain outsourced administration and calculation services on its behalf (collectively, "CoinDesk Indices"), does not sponsor, endorse, sell, promote, or manage any investment offered by any third party that seeks to provide an investment return based on the performance of any index. CoinDesk Indices is neither an investment adviser nor a commodity trading advisor and makes no representation regarding the advisability of making an investment linked to any CoinDesk Indices index. CoinDesk Indices does not act as a fiduciary. A decision to invest in any asset linked to a CoinDesk Indices index should not be made in reliance on any of the statements set forth in this document or elsewhere by CoinDesk Indices. All content displayed here or otherwise used in connection with any CoinDesk Indices index (the "Content") is owned by CoinDesk Indices and/or its third-party data providers and licensors, unless stated otherwise by CoinDesk Indices. CoinDesk Indices does not guarantee the accuracy, completeness, timeliness, adequacy, validity, or availability of any of the Content. CoinDesk Indices is not responsible for any errors or omissions, regardless of the cause, in the results obtained from the use of any of the Content. CoinDesk Indices does not assume any obligation to update the Content following publication in any form or format. © 2025 CoinDesk Indices, Inc. All rights reserved. Forward-Looking Statements: This press release may include "forward-looking statements" relating to future events or the Bullish Group's future financial or operating performance, business strategy, and potential market opportunity. Such forward-looking statements are based upon estimates and assumptions that, while considered reasonable by the Bullish Group, are inherently uncertain and are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. You should not place undue reliance on any such forward-looking statements, which speak only as of the date they are made, and the Bullish Group undertakes no duty to update these forward-looking statements.
Irish Times
28-05-2025
- Business
- Irish Times
‘Dublin can be a leader' in blockchain, says digital finance founder Stani Kulechov
Decentralised finance company Avara has opened its new European headquarters in Dublin as it seeks to build up its presence in the EU. 'Dublin can be a leader in the space,' said Stani Kulechov, the founder of Avara, noting that the Irish capital 'is a great place to have a European headquarters'. The company opened its Dublin office a number of weeks ago, initially hiring eight developers, but has already outgrown its space through hiring additional electronic engineering roles. Avara has 90 employees globally, and is anticipating further growth in its Dublin office in the coming months. Mr Kulechov came to Dublin to headline two separate conferences as part of Dublin Tech Week, ETH Dublin and Blockchain Ireland, which he said is evidence of the 'strong blockchain community here in Dublin' and the enthusiasm towards the adoption of the technology. READ MORE 'Ireland has had blockchain developers that have been around since the beginning of Ethereum , there is quite a strong ecosystem with a lot of very strong talent.' Blockchain technology is a system in which information is channelled through a series of independent computers allowing, in one use case, for a decentralised financial system that does not require a central bank. 'As a company that wants to build this technology, we want to have a base somewhere that we can actually test things out locally before scaling them across the whole European Union,' Mr Kulechov said. Avara is headquartered in London and has an office in New York. It expects the Dublin office to be a catalyst for growth in the EU. 'Our goal is to be one of the biggest market participants, not just in the European Union, but globally,' Mr Kulechov said. He expects the company to grow to rival the biggest financial technology companies in the world: 'Obviously, it is going to take a while to get there but that is the mission.' [ John Collison of Stripe: 'I am baffled by companies doing an about-face on social initiatives' Opens in new window ] Avara's Aave decentralised lending protocol has recorded €40.3 billion in net deposits so far and is targeting €100 billion total value by the end of 2025. Mr Kulechov welcomed the recent implementation of EU regulation frameworks on the wider cryptocurrency industry, saying it gives 'clarity on the rules and creates a level playing field for everyone on how to build in that market'. He warned, however, that 'regulation can be overly excessive' and could slow innovation in the industry and would especially hit smaller companies in the space. Avara, alongside its subsidiaries, is a registered Virtual Asset Service Provider with the Central Bank of Ireland, with Mr Kulechov saying, 'It is important to choose the regulatory path, because that creates certainty, but also expectations for the customers on the safety and security.' Mr Kulechov anticipates that decentralised finance services will have a 'significant opportunity' as Central Bank interest rates decrease in the coming years and sees stable coins, cryptocurrencies linked to traditional currency, as the 'next big thing in decentralised finance'.
