Episode 165: Aave with Stani Kulechov
Podcast |
Zero Knowledge
Media Type |
audio
Categories Via RSS |
Education
Mathematics
Science
Technology
Publication Date |
Jan 26, 2021
Episode Duration |
01:01:56
This week, Anna and Tarun chat with Stani Kulechov (https://twitter.com/StaniKulechov), co-founder of Aave (https://twitter.com/AaveAave), about the origin and evolution of the project, the changing DeFi landscape, collateralized debt in crypto, Flash Loans, Flash Minting, Credit Delegation and the future of DeFi. Quick recap: A Flashloan is an uncollatoralised loan which must be issued and repaid in the same transaction before the blockchain updates the user’s account balances. If it isn’t repaid in this time, the transaction will fail. We have discussed Flashloans on the show before see this previous episode: https://www.zeroknowledge.fm/118 Thank you to this week’s sponsor Hermez Protocol (https://hermez.io/)! Hermez is a Layer 2 solution that scales token transfers on top of Ethereum and which can handle up to 2000 transactions per second. Designed for high-frequency tokens, Hermez is a zk rollup which leverages zk-SNARKs for validity proofs and with on-chain data availability. Hermez's zero-knowledge circuits are developed using iden3’s circuit compiler language, Circom. They also introduce a novel consensus algorithm, Proof-of-Donation, that gives 40% of each transaction fee back to Ethereum community projects as a donation, thereby supporting Ethereum development. After passing two security audits, Hermez is running a bug bounty program, offering up to 100 ETH to whoever discovers any critical vulnerabilities. We recently had Jordi Baylina, Technical Lead at Hermez, on the show for an interview - you can find that episode here (https://www.zeroknowledge.fm/145). Learn more about the project and bug bounty at https://hermez.io/ If you like what we do: Follow us on Twitter - @zeroknowledgefm -https://twitter.com/zeroknowledgefm Join us on Telegram -https://t.me/joinchat/B81tQ57-ThZg8yOSx5gjA Catch us on Youtube -https://www.youtube.com/channel/UCYWsYz5cKw4wZ9Mpe4kuMg Read up on the r/ZKPodcast subreddit -https://www.reddit.com/r/zkpodcast Give us feedback! -https://forms.gle/iKMSrVtcAn6BByH6A Support our Gitcoin Grant -https://gitcoin.co/grants/329/zero-knowledge-podcast-2 Support us on the ZKPatreon -https://www.patreon.com/zeroknowledge Or directly here: ETH: 0xC0FFEE1B5083230a5154F55f253B6b6ae8F29B1a BTC: 1cafekGa3podM4fBxPSQc6RCEXQNTK8Zz ZEC: t1R2bujRF3Hzte9ALHpMJvY8t5kb9ut9SpQ

This week, Anna and Tarun chat with Stani Kulechov, co-founder of Aave, about the origin and evolution of the project, the changing DeFi landscape, collateralized debt in crypto, Flash Loans, Flash Minting, Credit Delegation and the future of DeFi.

Quick recap: A Flashloan is an uncollatoralised loan which must be issued and repaid in the same transaction before the blockchain updates the user’s account balances. If it isn’t repaid in this time, the transaction will fail.

We have discussed Flashloans on the show before see this previous episode: https://www.zeroknowledge.fm/118


Thank you to this week’s sponsor Hermez Protocol!

Hermez is a Layer 2 solution that scales token transfers on top of Ethereum and which can handle up to 2000 transactions per second. Designed for high-frequency tokens, Hermez is a zk rollup which leverages zk-SNARKs for validity proofs and with on-chain data availability.

Hermez's zero-knowledge circuits are developed using iden3’s circuit compiler language, Circom. They also introduce a novel consensus algorithm, Proof-of-Donation, that gives 40% of each transaction fee back to Ethereum community projects as a donation, thereby supporting Ethereum development.

After passing two security audits, Hermez is running a bug bounty program, offering up to 100 ETH to whoever discovers any critical vulnerabilities. We recently had Jordi Baylina, Technical Lead at Hermez, on the show for an interview - you can find that episode here. Learn more about the project and bug bounty at https://hermez.io/


If you like what we do:

Follow us on Twitter - @zeroknowledgefm -https://twitter.com/zeroknowledgefm Join us on Telegram -https://t.me/joinchat/B_81tQ57-ThZg8yOSx5gjA Catch us on Youtube -https://www.youtube.com/channel/UCYWsYz5cKw4wZ9Mpe4kuM_g Read up on the r/ZKPodcast subreddit -https://www.reddit.com/r/zkpodcast Give us feedback! -https://forms.gle/iKMSrVtcAn6BByH6A Support our Gitcoin Grant -https://gitcoin.co/grants/329/zero-knowledge-podcast-2 Support us on the ZKPatreon -https://www.patreon.com/zeroknowledge

Or directly here:

ETH: 0xC0FFEE1B5083230a5154F55f253B6b6ae8F29B1a BTC: 1cafekGa3podM4fBxPSQc6RCEXQNTK8Zz ZEC: t1R2bujRF3Hzte9ALHpMJvY8t5kb9ut9SpQ

This week, Anna and Tarun chat with Stani Kulechov, co-founder of Aave, about the origin and evolution of the project, the changing DeFi landscape, collateralized debt in crypto, Flash Loans, Flash Minting, Credit Delegation and the future of DeFi.

Quick recap: A Flashloan is an uncollatoralised loan which must be issued and repaid in the same transaction before the blockchain updates the user’s account balances. If it isn’t repaid in this time, the transaction will fail.

We have discussed Flashloans on the show before see this previous episode: https://www.zeroknowledge.fm/118


Thank you to this week’s sponsor Hermez Protocol!

Hermez is a Layer 2 solution that scales token transfers on top of Ethereum and which can handle up to 2000 transactions per second. Designed for high-frequency tokens, Hermez is a zk rollup which leverages zk-SNARKs for validity proofs and with on-chain data availability.

Hermez's zero-knowledge circuits are developed using iden3’s circuit compiler language, Circom. They also introduce a novel consensus algorithm, Proof-of-Donation, that gives 40% of each transaction fee back to Ethereum community projects as a donation, thereby supporting Ethereum development.

After passing two security audits, Hermez is running a bug bounty program, offering up to 100 ETH to whoever discovers any critical vulnerabilities. We recently had Jordi Baylina, Technical Lead at Hermez, on the show for an interview - you can find that episode here. Learn more about the project and bug bounty at https://hermez.io/


If you like what we do:

Follow us on Twitter - @zeroknowledgefm -https://twitter.com/zeroknowledgefm Join us on Telegram -https://t.me/joinchat/B_81tQ57-ThZg8yOSx5gjA Catch us on Youtube -https://www.youtube.com/channel/UCYWsYz5cKw4wZ9Mpe4kuM_g Read up on the r/ZKPodcast subreddit -https://www.reddit.com/r/zkpodcast Give us feedback! -https://forms.gle/iKMSrVtcAn6BByH6A Support our Gitcoin Grant -https://gitcoin.co/grants/329/zero-knowledge-podcast-2 Support us on the ZKPatreon -https://www.patreon.com/zeroknowledge

Or directly here:

ETH: 0xC0FFEE1B5083230a5154F55f253B6b6ae8F29B1a BTC: 1cafekGa3podM4fBxPSQc6RCEXQNTK8Zz ZEC: t1R2bujRF3Hzte9ALHpMJvY8t5kb9ut9SpQ

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