Aave is TOO LIVE in Metis👻🌿

Recorded: May 18, 2023 Duration: 0:32:19

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Well, well, good morning everyone. I hope everyone's having a fantastic Thursday so far. This is Jose from Ediths with you all and I'm very happy to be having these spaces today. We're hosting two of the real crypto OGs today.
One of them being Elena, co-founder of CryptoTX and Medis and the other one being Stani, co-founder and CEO of ABE Companies. So these are very exciting Twitter spaces today. I hope everyone pays close attention and it's also going to be a great time. So let's get
on. Like, first of all, I would love for Elena and then Stania. Like, most of the people in here are very familiar with who you all are, but I would love you all to give a little bit of a brief introduction about you all and your background.
All right, hello everyone. Thank you so much for joining us early on the short notice. Yes, my name is Alina Sinaniková. I came from the technical background and I am software engineer by profession. I started my career
back in Canadian government and in law enforcement when I just arrived to Canada 25 years ago and designed lots of systems for the police in the cars, the crime may be
systems and also the meeting management systems in the City Council. In 2016, I moved to an executive blockchain space, writing my first, I created my first course on
in how to switch from .NET development to blockchain development. And shortly after I co-founded CryptoChicks, nonprofit organization with my friend Natalia, and after that we need co-founders.
My future co-founders of Mietjes, Kevin Liu and Yuan Su, and started this big thing that we created now at Mietjes ecosystem. And I'm so happy about that, and I'm so happy that we have you here, our community. Thank you.
Thank you all and I, Stan, you were loved to hear a little bit of a brief introduction about yourself as well.
That's for introduction as well. Oh, it's nice to hear your story. So yeah, I think I
counting the years I started in the building in the web tree space roughly six or so years ago. That was kind of like a time where decentralized finance was
still very small landscape. There was maybe a couple of thousand users that were more for enthusiasts that really were excited about what you could build that they were
They didn't mind the very very crappy user experience that we had in the ecosystem back in those days. And for me, these interest finance and
and maybe kind of like a blockchain and even crypto has been quite exciting. I think it was like slash 2017 or so where there was a few interesting calls for money.
the blockchain ecology and how it could be used, kinds of use cases and even the classical supply chain was of those.
use cases, but I was very excited about funds for quite a long time. So before even playing
DeFi and coming to blockchain, I used to build a application. So, maybe trying to kind of like figure out how to make it work.
to peer or remove a global market economy, applications that are, uh, patient-friendly. And what was interesting about, um, the question is that, um,
In some cases it really gives everyone pretty much the same equal opportunity to try and back. And I was like very important part of everything that I was pretty much about the finance could be the future.
What's exciting is that with Bitcoin basically, we're trying to figure out what will be based actually, what exactly is with computers. And obviously with Ethereum.
We were both in a program of a program of money and and and we're getting a lot of transactions.
something that I'm super excited about is that you have the aspect also transparency. So the blockchains that we know today are pretty much the most you want their base
on the public. First of all, you can verify, you can see and read the exact information. Okay. And it creates this kind of idea of instant updated audit, the whole
I think that's the most important thing to do.
I'm not showing them. It's a mechanism set up and you believe that it's verbally can't be called applications. That's super funny. And if the five at that stage was real people
There was almost one application, these implicit change. And me, the idea of being able to use Markjard to some transactions, I think that maybe you can also
I think that your position was introduced to me in terms of like a blog concept because here before
If it didn't be autosystems like big derivatives, have polarization days, but in terms of the context is very exciting because you had this idea that you could use something that you have on chain.
very much the consistency for a chain particular use that is a collateral, a more capital efficiency in your management as an engineer and then finance.
the work for your mortgage, tuition, or in part for projects that might even investment book. That idea was very strong by moving into a smart truck infrastructure and then
And that was called E-plane, short for E-plane. In fact, eventually, what happens is that for good anxiety, if you can build this, what else you can build. And there will be very few things that you can do.
that were exciting, the cover, I know it was post-wide-by-composed with the -- and there was a lot of innovation happening, very, very early, primitive and not as impatient as they were. But all along these protocols
from the last year to the last year.
in different networks and we now recently met it. So that's not like the very short or I don't know if that was short but the way it's almost like an interesting story. I got into the client library.
Now we do appreciate the story. It's definitely interesting how much ecosystem has evolved from like, I mean, I can't imagine like six years ago to where we're standing now and all the innovations like you mentioned the capital efficiency and the possibilities
of using these platforms or people using them for actual like mortgages or being able to use money for either going to college or like for studying or for whatever. Like it's brought so many use cases that come
be applied for the people's like day to day in their lives now so it's very impressive what it's grown to be from six years ago like definitely. I actually actually I appreciate everyone who's holding me because like you go back
in a few years and like it was quite a lot of happening. Like there's a little innovation but also it was all about like hey how do we swap value without giving your custody of your assets? How do we
to look at it into a yield and make it accessible to the boardwork, for example. But when you look at today, I think that loads of data in infrastructure pretty much exist across all of the, the network.
the fact that these different networks like Lerichutes and including men where you have friends, teams actually behind of those let's say AMM stand to the other network because it really creates more of like micro communities
within the organization, I think that's very valuable for you. But I really appreciate the big person that are trying to really kind of like go beyond and think like what's so will be the steps to get an adoption or a great more accessibility to D5.
solving even like more of that institutional path. So realizing that a lot of infrastructural already exists in D5 but trying to kind of like actually push this a bit more forward within a patient. So that's the same interesting time now.
I'm not going to be able to do that.
integration in Medis like I want to open up with a question regarding how will this first for Elena and then for Stani Elena how will this integration impact the Medis community?
So once we now with that we brought our infrastructure into the place. So we will be working and hoping not hoping but working with the builders to actually build on top of the
and that's the whole idea to bring builders, to bring innovative builders. So on top of this, are the infrastructure, they can realize not only their own ideas, but actually bring the innovation into the space. And who knows, maybe the next big
unicorn in DeFi that will come with a breakthrough idea that can help us to bridge traditional finance and DeFi. And now we can finally
make a big splash in the webtoot world as well, so using this technology using the other infrastructure. So for that, like all the builders that are right now listening and the space, I would like to encourage you. So if you are having ideas how you would like to
make this breakthrough or you have any other ideas on how you would build on top of the average infrastructure. So, at least come forward with this ideas and we can help you.
LNI, you're right on point. I agree 101% with you. Composability is probably what I'm the most excited or one of the things that I'm most excited about becoming here and all the all the interest
things that can be built around it. And Stani, I'm wondering what would you say could be some of the upsides or some other things that the ABA community could benefit from?
So I was making up, can you do the beginning? Yeah, yeah, I was wondering. So what do you think could be some of the things that AVE community could benefit from? What could be some of these benefits coming from
on this integration with medicine. I mean one of the cool things about the other system and in general in our community is I would say that it's very inclusive
Committee in the sense that it's always been kind of like the first mover in various of the new markets. So that happened with Polygon and Avalanche and where you choose and now with meta is. And I think it kind of like a
opens up always a new audience in terms of like a new user base obviously but also like a new audience in the sense that I see also later choose and the networks not only have like technical solutions of what book chains governance
And transaction will be in the future, but actually what are what are you just committed behind it? So if you think about that, you know, the next interest that we're building and the next interest for the mainstream is going to be people powered.
who are the actual people behind the network or community. That's where the office, kind of like a playbook of crocheting has been very valuable. This is that we've been able to acquire
that choir as a kind of like when you look at the protocol, acquiring new user bases, but also providing new assets. So if you look at the gas prices today, for example, um, especially recent spikes on the Ethereum, um, it's kind of like, can't be coming more and more
clear that it in by itself will become a bit more of a settlement of the hashes and transaction in the states of those areas that are inheriting the security from
And the reason why these iterations are very valuable is that it creates more access for users to actually benefit from these investments. So as shown smaller amounts.
It goes back to the idea if you build something that is orderless and you're building and democratizing finance, it has to work actively regardless of
what it's like a gross domestic product per capita on different regions. And I think this is where for example, netizens in play because, you know, with the architecture, you could actually get this exact thing because it's essentially low. And at the same time, that
the white's access to new kind of services that align. And it doesn't supply to the of it ecosystem in the protocol, but the whole defy as a general because end of the day, like we're not really moving anywhere if we're building
for O-Selt to like if we're thinking that's find kind of like a place for more reflect, you know, future decisions, transactions or for the people who are conscious about having self-clusivity and
Of course, they're acid, but like if you think about like if rebuilding the new internet and more people powered internet, we have to think about also what are like what are the requirements and the thresholds that we have to achieve so this could be used the same way we're using
the protocol is behind of an email, IP protocol and HTTP protocol. Everything that you're using already on Internet, how do we put into that scale and similar product, most of all, to the we get an option.
So even though it looks at infrastructure, infrastructure, progress, it's actually also cultural and regional progress as well because it really creates that global accessibility. And that's why I come like I've been always
is super excited when we're able to expand the ecosystem and the protocol into the new markets. And even what the community has been voting on the Dementist market and the risk parameters, the caps, even there are low at this point and probably
gradually will increase by new proposals from the governance itself. It's quite fascinating to see this move happen already to say the actual market deployment. And something that is very actually
Interesting is that the idea of having a mid market has probably the first time I look into the other governments. I think I've seen like first discussions most of the ago, maybe even more so it's been like I'm going back and forth discussions so I just showcase
that when you have a truly these two laws, a system in truly these centers, governance, each really isn't super fast, necessarily to progress, but that's the point of governance because it also means that you have a larger
a lot of the diligence process and access to the process of getting idea into production. But at the same time, it's kind of like a framework that ensures that whatever it gets deployed, it has a
So I'm personally super excited to kind of like follow so because there has been like quite significant timeline and seeing things progressing forward. So yeah, it's it's it's it's it's quite exciting for for too much from my perspective.
I want to make points on a lot of things that I'm not going to make like all of them like one of my favorite things I mean besides the borderless aspect that I want to highlight because I think it's one of the one of the the pillars of Web 3 what you said at the end about
Governance not being fast, but that's the point like I fully agree with it like that's the point like people should be questioning and really analyzing these things and in crypto or in web 3 we have some of the most rebellious passionate creatives and funny people like around like funny
workers in the world. So it's definitely a space in which they will question things, they will bring passion into a table. So these governance processes like taking along is actually kind of like exactly what it should be like, I believe. And like I
I loved all of that. Elena, I would love for you to tell a little bit about how we've heard a little bit of both of your sites. How do the visions of Avia and Mery's align?
Thank you for that question. So yes, because we have of course we have plans and vision way beyond you know just to grow in the yield. So we want to build a Web Tree economy and in this Web Tree economy there is a place of you know
of the loans and different financial instruments with the different places, like for instance one, we're working on doing the future work. And in this future work, we're considering having streamlined payments to those who are
to the workers. And this workers, of course, is going to be in permissionless way, like whoever signed up for this, you know, for some tasks for the work, they will be paid right away. For that, although in order to prevent kind of like free loathers, the stake in needs to be in
And with the stake-in, of course, we can open up the room. So when you stake, you not only stake just to confirm that you are in and that you are a serious worker, but also you can earn the yield on that. So it's kind of bringing in opening new markets, bringing additional instruments into the
places where people didn't even know that it could exist before. So in this sense, you know, all the other technology make it possible for us to create these new ideas and even new markets. And that was the whole point of bringing Adi on board so we can
and of course build on these two visions together. Awesome, awesome. Yeah, I love that response. It's so true. And I believe that both have that sense of
like a building borderless technologies that can help people all around the world regardless of where they're coming from, social status, economic status. So I do believe visions are well-lined. That's one of the reasons I'm so excited about this integration. I'm wondering.
So we're getting close to the top of the half an hour. So I would want to know, is there any plans for further collaborations?
here is there, kind of like we've seen a very becoming an essential piece, a key part of different ecosystems. Can we expect to see deep collaborations between these protocols in the future?
Absolutely. Because what I guess and as I said that we right now considering using RV in different areas and you know guys that we are now forming the econ rules so we have this you know me to sell a little
and the new one, and more you can know it's going to emerge from the community. So we're going to be looking at all these ideas and of course, see where we can fit the other innovation into the play. Very creative. So we have
kind of like team that is looking into it and we're pretty much very very excited as to see how what new great things we can invent in the in a different areas in the security area in the workspace area in the business area.
Yes, as we continue building and continue building with the community, continue building with the ECO nodes, we're going to be maximizing to post-discollaboration. We are in a very close touch with the RV community on that and we're going to be deriding ideas from them too.
Awesome, awesome. I'm looking forward to that. Like 100% and I'm very sure that everyone in here is looking forward to that as well. So we have two minutes left. I would really like to get a piece of knowledge from Yols' brains. Like we have two like
We have three OGs in here. I would love for these OGs to give the audience a piece of advice. What would be if you could give them one advice as of right now, what would it be? First, Stani, Dan O'Lena.
I mean, I think what's happening personally is
being able to kind of be able to be very curious about things that are around the tree. I think that's very valuable.
And exploring those things that are made domain. So obviously, DeFi is definitely something that's been in this very big part of mine.
My identity is also to social with lands, but in general it's good to keep curiosity of everything that is happening outside of maybe too quickly.
might be doing on a day-to-day basis. And that tops more PHS and export with different kinds of solutions as well. Yeah, I think that's really
The biggest advice is to stay always and accept about the path in the future and also think many of the things that we have.
is quite important. So being involved in the key community and finding your role is quite interesting. So probably those things are good.
Stay curious, stay involved and stay optimistic. Those are the three main points that I got from that. Thanks for that advice, Dani. Elena, let us hear. Yes, I would like to probably maybe even
to elaborate even more on that, be innovative. We all have our past experience and we all have past experience with Adi products in the EEL, then it's good experience. But there will be more.
And there will be new things. So maybe you are the inventor of this new thing, next new thing. So open up your mind and dream and share your dream with us. Because again, I would like to encourage everyone to be the
Even you're like the yield you earn there, but you can be the builder as well because you know so much more of this industry. You have so great experience there. You know probably all the ins and outs, all the things, and we need this experience. And we need that for you to share. Maybe you have the memory.
great idea so to be innovative. Stay curious, stay involved, stay optimistic, stay innovative. If you don't experiment you won't find out. Thank you very much everyone. Thank you, Stany and thank you all enough for this amazing conversation.
I hope everyone got a lot of knowledge from here, I did. So again, thank you everyone for your time. Thank you, Sunny. Thank you, Elena, and have a great rest of your day. Thank you. Thank you guys. Love you. Bye bye.

FAQ on Aave is TOO LIVE in Metis👻🌿 | Twitter Space Recording

Who are the two guests on the podcast?
The two guests on the podcast are Alina Sinanikova and Stani Kulechov.
What is Alina Sinanikova's background?
Alina Sinanikova's background is in software engineering and she started her career in Canadian government and law enforcement designing systems for the police and city council.
When did Alina move into the Executive Blockchain space?
Alina moved into the Executive Blockchain space in 2016.
What is the name of the nonprofit organization that Alina co-founded?
The name of the nonprofit organization that Alina co-founded is CryptoChicks.
What is Mietjes ecosystem?
Mietjes ecosystem is a project co-founded by Alina Sinanikova and her partners to bring innovation to the DeFi space.
What is Stani Kulechov's background?
Stani Kulechov has a background in building web3 applications and has been involved in the DeFi space for around six years.
What is decentralized finance?
Decentralized finance is a financial system built on blockchain technology that operates without the need for intermediaries like banks or brokers.
What is capital efficiency in DeFi?
Capital efficiency in DeFi refers to the ability to maximize the use of one's capital while minimizing the risk involved in investing or lending.
What is MEDICI's integration and how will it impact the MEDICI community?
MEDICI's integration is the incorporation of infrastructure into the MEDICI ecosystem to enable builders to develop innovative ideas on top of it. It will impact the MEDICI community by attracting more innovative builders and potentially creating the next unicorn in DeFi.
What is the goal of the podcast?
The goal of the podcast is to host discussions with DeFi professionals and share insights on the DeFi space.