Stani Kulechov

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153 appearances 1 recordings 1 series first heard Jun 2026 last heard 30 Jun

Stani Kulechov’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 1 in all, peaking in Jun 2026 with 1.

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Talking Tokens: Crypto, Onchain Finance, Investing · Why Aave V4 Is Built Like a Central Bank for DeFi | Stani Kulechov · 30 Jun 2026 podcast

And uh where we are now is is in in early phases of of that uh uh journey.

So now Ave Horizon has roughly half a billion worth of um assets, and mainly uh these uh the the Ave Horizon market is is purely and exclusively for uh supplying tokenized assets as a collateral and and borrowing uh stable coins uh effectively.

And many of these tokenized assets are existing uh issued um, uh, yeah.

assets that already exist on chain, for example.

But down the line, uh where we expect this um utility to to evolve is that you could issue direct financial uh uh uh instruments uh and assets on chain and benefit with Ave directly by borrowing uh capital and uh using that capital directly in in traditional markets.

Aave Horizon has actually been really uh

useful product for a lot of borrowers, especially uh during the um uh October tenth uh when things were moving really quickly, markets m were moving fast, um and the way to actually get um if you already have uh let's say money market funds on chain or T bills on chain and you are able to actually use that as a collateral and and draw liquidity, that helps to reposition uh

uh a lot of these uh positions.

So it's it's been used uh by market makers already, um asset managers as well, um and it's a product that actually we see uh quite a lot of uh uh future uh especially that more assets are coming on on chain as well.

We're talking about uh a lot of credits.

Um I also think that tokenized equity um is interesting when you add the the sort of like a lending component there uh on ch on on chain.

Uh it is really hard to bring tokenized equity stocks into on-chain uh because you don't necessarily get the benefits uh right away and there is some fractionalization, uh there's some liquidity issues on on top of that.

But once you actually are able to provide a product where uh the users are able to borrow at a lower cost of capital, better cost structure, better L T Vs and uh uh

uh terms that you can do uh with a lot of these uh uh brokerages, you have a really good opportunity to actually bring these assets on chain because you have true utility.

And if you look at a lot of the the brokerage accounts, uh they do offer really uh uh you know uh uncompetitive uh terms for the for the users.

You can borrow maybe, you know, twenty uh L T V against your stocks.

Um you get uh really uh inefficient rates, inefficient terms, um all that can be automated, smart contract based, um parameterized and and transparently done on on on Aave.

I think tokenized assets it moves in in in s in in some way like um in in cycles.

Um it requires a lot of uh effort to bring an asset and figure out the viability.

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