On August 25th, BlockBeats reported that Stani Kulechov, the founder of Aave, posted on social media, stating that ‘the mindset behind Aave is that it can become the backbone of any real-world credit. I see the rise of credit on ETH through local/global examples. Locally: Tokenizing credit based on local qualifications (such as local credit agencies, ORCA, etc.) and innovative facilitation. This is where real people (or AI agents) get funded. Globally: Using these tokenized credits as collateral in Aave to release value for more loan funds in local categories. This is where sponsors get the backbone liquidity. This model can be applied to various credit scenarios, whether it’s community loans or Wall Street loans. It may become the most transparent, flexible, and accurate credit market.’
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