Episode 250: Will Aave Eat Wall Street? with Luigi D'Onorio DeMeo of Aave Labs @alextapscott @luigidemeo @aave @CMCC_Global 0:00 Introduction 3:48 Leaving Avalanche and landing at Aave 7:17 From ETHLend to the largest lending protocol in crypto 11:16 $80B in deposits, no back office 12:12 How overcollateralized lending works and why people borrow 15:49 Why Celsius and BlockFi blew up and Aave didn't 18:46 What's being built on top of Aave 21:12 Life after CLARITY, and the cost of uncertainty 23:55 Does uncertainty advantage the risk-tolerant? 26:20 Why stablecoins cut at the heart of the bank model 29:29 Deposit insurance as a taxpayer subsidy 31:22 Fintech as digital wallpaper and why that's ending 33:34 Moving loans off balance sheets and onto Aave 37:23 The DTCC and the next killer app