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Stani Kulechov sits down with Crypto Megan as a part of the Web 3 event of the year @proofoftalk to establish trust in Web 3 among industry leaders and titans, laying down the foundation of the future of the industry. Stani Kulechov is a technologist, entrepreneur, programmer, decentralized finance innovator and founder of decentralized lending platform AAVE, one of the largest lending protocols in the world. Stani lets us in on how the biggest innovation in decentralized finance has developed over the past decade. This is a must watch if you want to be a part of the Web 3 revolution. Aave, the biggest defi protocol in the world's mission is to make the internet more fair and equitable and accessible to all, and to allow for true ownership. Defi needs to be able to scale on a professional basis, and can actually work as a financial infrastructure. Defi is better, faster, stronger finance. There is no longer a black box of finance. Stani goes over important topics, such as how to build a trustless system in Web 3, and the inner workings of the Aave protocol, including why they chose to make it decentralized from the start, which was a much harder path to forge. In decentralization, anyone can come and contribute, compared to traditional finance. That's the beauty of open source, decentralized communities - it can be safer and more risk-averse to do it this way. Stani - We want to decide on what kind of financial system we will live in the future, and that's the best opportunity to do it, by contributing to decentralized protocols and DAOs. There is so much more transparency, the black boxes are gone, which is why Defi is better, faster, stronger finance. Defi is still so small, so there is a lot of work to do, but the foundation is there, and the future is very bright! Aave is also working on a social networking decentralized platform so people can 'own their audience'. The idea is that you can 'share' your network across many platforms, without starting from zero every time. The question is how far can we go with blockchain technology? How far can with go with governance, can we govern countries? Charles Hoskinson, founder of Cardano would agree that this is possible. Watch this interview with Charles Hoskinson, Crypto Megan and @proofoftalk • Restoring Trust in Web 3 with Charles Hosk... Final reflections - Stani says he would have put more importance and the focus on the educational piece from the start, education is key! It's hard for people to envision a decentralized future, one in which the people are in control, instead of a select few in control behind closed doors, but it is so much better for the world as a whole. The internet will slowly switch to a more people-powered and user-owned internet. TIMESTAMPS 00:00 Intro Stani Kulechov 01:19 Aave's mission - to make internet more fair and equitable 04:04 How does Aave establish trust in a trustless world? 08:35 Why did Aave chose the decentralized route? 13:30 How Aave DAO works, and how to run successful protocol 18:30 Lens Protocol - social networking platform 26:37 What can Web 3 do that Web 2 can't do? 27:14 Tangible blockchain use cases - how will it improve people's lives? 30:25 As a founder, is there anything you would have done differently? 32:22 What is the future of decentralized finance and AAVE in the next 5 -10 years? #aavecoin #aave #defi #decentralization #decentralized #decentralize #cryptomegan #crypto #cryptocurrency #cryptonew #finance #financialfreedom #finance101 #moneytalk #blockchain #blockchaintechnology #cryptotrading #cryptolending #deficoins #cryptolearning #learndefi #decentralizedapplications #decentralizedfinance #cryptoyoutuber #cryptomarket #bitcoin #charleshoskinson #ada #freedomfighter #finances #investing #cryptocurrencies #investincrypto