AAVE: Liquidity Protocol with Ernesto Boado


Manage episode 289440113 series 1418208
Player FM과 저희 커뮤니티의 Podcast – Software Engineering Daily 콘텐츠는 모두 원 저작자에게 속하며 Player FM이 아닌 작가가 저작권을 갖습니다. 오디오는 해당 서버에서 직접 스트리밍 됩니다. 구독 버튼을 눌러 Player FM에서 업데이트 현황을 확인하세요. 혹은 다른 팟캐스트 앱에서 URL을 불러오세요.

In decentralized finance (DeFi) a liquidity pool is a collection of cryptocurrency funds created from the deposits of many users and usually multiple different currencies. There are 2 main types of pools: custodial and non-custodial. Custodial pools are controlled by a third party manager which contains information like the private keys and the funds. They are most commonly web-based. Non-custodial pools mean that each contributor has complete control of their private keys (their funds) and are often browser based or keys can be stored and funds traded using hardware devices.

AAVE is a trusted, open-source, and non-custodial liquidity protocol on Ethereum. Participants use AAVE to either deposit or borrow funds. Depositors earn interest on their funds in the same currency they deposited: USD-USD, DAI-DAI, etc. When demand is high for the deposited currency, the earned interest increases automatically. Borrowers deposit collateral and then borrow from any currency in the protocol. Their entire platform, from their APIs to smart contracts, are open-source and reviewable by anyone. This has been the basis for many platform audits, providing high reliability to users and enabling integration into other services and products.

In this episode we talk with Ernesto Boado, a full stack and blockchain developer currently co-leading the development of the AAVE protocol. We discuss decentralized finance, token economics, and how AAVE aTokens make their service unique.

Sponsorship inquiries: sponsor@softwareengineeringdaily.com

The post AAVE: Liquidity Protocol with Ernesto Boado appeared first on Software Engineering Daily.

1512 에피소드