At the annual Ethereum (ETH) hackathon ETHDenver, the CEO of Aave, Stani Kulechov, discussed decentralized finance and how to bring it into the mainstream. Aave is located in Switzerland and it was launched back in September 2018.
Aave is also the parent company of ETHLend, a decentralized financial marketplace for asset-backed loans. According to Kulechov it is very necessary to have a closer approach from an ecosystem perspective.
About it, he commented:
“We need to approach adoption from an ecosystem perspective. You might be building a project that relates to decentralized finance. Each has a use case but it you can connect all these decentralized finance applications … we form an ecosystem where we are bringing together more users.”
He went on saying that decentralization is a choice and that there are developers that believe that it might be a good idea to focus on the segment of decentralized users that are privacy-concerned. The head of operations at the blockchain consulting firm Ledger Labs, Josh Stark, said that a new wave of decentralized applications is growing in number and popularity on the Ethereum blockchain.
Ethereum and other networks such as EOS or Tron (TRX) are starting to grow with a larger number of dApps and projects running on top of their networks. The applications that are based on top of Ethereum allow users to have new tools to manage and use Ethereum-based money or assets.
Decentralized finance are going to be held throughout the ETHDenver event and it includes an address by the CTO f Bloqboard, Alex Bazhanau. Additionally, the co-founder of decentralized lending protocol bZx, Tom Beam, will be present.
There are going to be discussions related to the future of the space and how many different decentralized finance applications are spreading around the globe.