What are DeFi’s risks compared to traditional finance? Aave's founder StaniKulechov and Cointelegraph's managing editor Alex Cohen exchanged some impressions about it at StarkWareLtd Sessions 2023.
protocol Aave, highlighted several issues within the DeFi space at the StarkWare Sessions 2023, held at The Cameri Theatre in Tel Aviv, Israel.
According to Kulechov, the preciseness of quantifying risks in DeFi is better than TradFi products, which could push further space adoption. The Aave founder explained that operating in DeFi would become cheaper than TradFi as the risks are identified more easily. He said: “It’s more about building that payment layer, and then the whole DeFi loop starts to close because you have a way to exchange value easily,” he said. In addition, Kulechov also noted that pushing the innovation curve further can break more adoption.
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