The Crypto Tape – Aave v4, the DeFi Liquidity Surplus, and Why AI Changes Credit with Stani Kulechov

Aave founder and CEO Stani Kulechov joins Frank Chaparro for a wide-ranging conversation on the state of DeFi credit, what Aave v4 unlocks, and how AI agents rewire finance from the backend.They cover the flip from a DeFi liquidity deficit to a surplus, why tokenization is the bottleneck for real-world credit, and why cost structure (not cheap capital) is what DeFi actually sells to fintechs. Stani also opens up on founder health, the worsening short-termism of the crypto attention economy, and why he thinks every person ends up running their own AI farm.