Stani Kulechov

ETHGlobal · Jul 9, 2026

In this talk, Stani Kulechov, founder and CEO of Aave, frames credit as the last great frontier of the internet revolution and explains why Ethereum is uniquely positioned to solve it. Drawing on his pre-Aave experience running a fintech startup focused on receivables, Stani argues that while the internet transformed information, commerce, and communications into global systems, credit remains stubbornly local due to coordination problems across lenders, borrowers, intermediaries, localized regulation, and siloed capital. This fragmentation creates capital inefficiencies, regional interest rate discrepancies, and lost opportunities, particularly relevant today as credit historically backed industrial revolutions and will fund the next wave of AI, data centers, and infrastructure. Stani positions Ethereum as the connecting tissue and operating system that replaces manual, layered cost structures with programmable, automated infrastructure offering full transparency and execution certainty. He shares Aave's traction: over 1 trillion in cumulative loans, 3.5 trillion in cumulative deposits, and a peak of 75 billion in net deposits, proving Ethereum can support institutional scale. He explains how Aave V4's modular architecture solves the central tension between capital efficiency and risk isolation, allowing shared liquidity across pools while maintaining risk controls per market. He highlights tokenization unlocking utility for real world assets through DeFi, the bootstrapping advantages of shared pools, and the Wabi e-commerce integration as proof that fintechs and asset issuers are already moving onchain. Stani closes by predicting that the lowest cost of capital will increasingly come from DeFi as a global liquidity aggregator. 00:00 Introduction 00:08 From Fintech Receivables to Building on Ethereum 01:07 How the Internet Transformed Everything Except Credit 02:22 The Coordination Problem in Credit Markets 03:22 Regional Interest Rate Discrepancies and Capital Inefficiencies 04:41 Ethereum as the Connecting Tissue for Finance 05:21 Credit as the Backbone of Industrial Revolutions 06:40 Replacing Manual Cost Structures with Programmable Infrastructure 08:15 Pricing Risk and Reward Across End to End Markets 09:15 Aave by the Numbers: 1 Trillion in Cumulative Loans 10:27 What Works for Crypto Assets Will Work for All Finance 10:54 The Pool Model and Network Effects 11:26 Capital Efficiency vs Risk Isolation Tradeoff 12:25 Aave V4: Shared Liquidity with Isolated Risk 13:24 Solving the Bootstrapping Problem for RWAs 14:34 Tokenization Plus DeFi Utility 15:40 Why DeFi Will Offer the Lowest Cost of Capital 16:44 Wabi E-commerce Integration Case Study 17:21 Modular Infrastructure for All Asset Types 17:45 Borrowing Against Securities and Stocks Onchain 18:16 Funding the Future: AI, Data Centers, Solar Energy 19:19 Closing Remarks _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ *ETHConf 2026* ETHConf is a 3 day event for founders, industry leaders, and builders who are excited about the possibilities of building on top of Ethereum. Connect with 2,000+ top innovators in crypto, finance, technology, and policy at our inaugural three-day event packed with showcases, demos, partnerships, and conversations shaping the future of the global economy. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ *Follow ETHConf* X: https://x.com/ethconf Website: https://ethconf.com _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🎟️ Get your early bird tickets for ETHConf 2027: https://ethconf.com/2027#tickets 🎤 View the full ETHConf 2026 Speaker Schedule: https://ethconf.com/schedule _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

ETHGlobal · Jul 9, 2026

In this talk, James Kurz from the Filecoin Foundation argues that in the generational AI buildout, the moat is where your data lives, and storage is the underappreciated part of the story. He opens with a history lesson: 10 to 20 years ago compute was cheap and you simply put hard drives where the people were, in Northern Virginia or the Bay Area. Today compute dominates the conversation, but the coming five years will see an explosion of data collection about the physical world for AI training and inference, driven by robotics, neurotech, and self-driving cars, capturing far more than the tiny fraction humanity has stored over the past 30 to 40 years. This demands vastly more storage capacity. James explains the core shift: historically compute went to the data because data was heavy, but now compute is being dragged to wherever cheap power exists, places like Wyoming, northern Norway, Finland, and Ohio that were never the interconnection points of the internet. This creates storage deserts, where major GPU clusters are being built far from where storage lives. When data sits far from GPUs, you hit the laws of physics (fiber optic speed and node hops) that hardware cannot solve, plus the steep economic cost of data egress from providers like AWS, and vendor lock-in where moving data into one cloud traps you there. He stresses that keeping data physically close to compute is really about the cost of iteration: whoever can run more tests and checkpoints faster outpaces competitors, and jurisdictional compliance adds another reason to have distributed storage near the clusters. He argues incumbents will not solve this since hyperscalers work at massive scale and focus on GPU buildouts, creating an opportunity for local and colocated storage operators to be the fast, close data layer without buying their own GPUs. He positions Filecoin as already being this global network, built over five or six years with almost 2 exabytes of capacity and cryptoeconomics that flex capacity up, letting users leverage existing capex rather than spending billions, while tapping underutilized storage devices amid hard drive order books extending beyond 2027. He closes by introducing two ways to try Filecoin in 2026: FilecoinWarm Storage as an S3 compatible endpoint (live in the EU, coming to North America and Asia) and Filecoin onchain cloud for developers wanting programmatic smart contract storage. 00:00 Introduction 00:11 Have You Tried Fable 5 and Filecoin 00:50 A History Lesson: When Compute Was Cheap 01:10 Why Storage Is the Underappreciated Story 01:30 The Coming Explosion of AI Data 01:53 How Little Data We've Captured So Far 02:11 Why We Need Much More Storage 02:30 Bringing Compute to Where the Power Is 02:53 Why Storage Deserts Are Emerging 03:14 Storage Deserts Are Happening Now 03:48 Why Distance to GPUs Hits the Laws of Physics 04:22 The Steep Cost of Data Egress 04:41 How Egress Fees Create Vendor Lock-In 05:09 Why Close Data Wins the Iteration Cycle 05:54 Why Incumbents Won't Solve This 06:27 The Opportunity for Local Storage Operators 07:01 The Jurisdiction and Compliance Angle 07:52 Why Filecoin Already Is This Network 08:13 Leveraging Billions in Existing Capex 08:51 Why an Agnostic Cloud Matters 09:32 Why You Need to Move Data Quickly 09:52 Filecoin's 2 Exabytes of Global Capacity 10:37 Activating Underutilized Storage Everywhere 11:05 Two Ways to Try Filecoin in 2026 11:24 FilecoinWarm Storage as an S3 Swap 11:47 Filecoin Onchain Cloud for Developers 12:26 Why Data Is the Key to the AI Buildout 13:10 Closing _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ *ETHConf 2026* ETHConf is a 3 day event for founders, industry leaders, and builders who are excited about the possibilities of building on top of Ethereum. Connect with 2,000+ top innovators in crypto, finance, technology, and policy at our inaugural three-day event packed with showcases, demos, partnerships, and conversations shaping the future of the global economy. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ *Follow ETHConf* X: https://x.com/ethconf Website: https://ethconf.com _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🎟️ Get your early bird tickets for ETHConf 2027: https://ethconf.com/2027#tickets 🎤 View the full ETHConf 2026 Speaker Schedule: https://ethconf.com/schedule _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

ETHGlobal · Jul 9, 2026

In this fireside chat, Adam Wozney, senior director of global community at Circle, sits down with Sam Tabar, CEO of Bit Digital and White Fiber, to discuss the state of Ethereum, how TradFi is entering the space, and how physical infrastructure is evolving to power it all. An Oxford and Columbia law graduate and former attorney, Sam leads two publicly traded companies bridging the digital and physical worlds through Ethereum staking and AI high performance computing infrastructure. He opens by reflecting on following intuition over pure logic (a lesson from his tarot-reading mother and car-mechanic father), noting he was a poor lawyer before pivoting to finance. On Ethereum, Sam argues the money frame was always the wrong one. Bitcoin is the mother coin with first-mover advantage but is simply a store of value competing with the roughly $16 trillion gold market, while Ethereum is programmable money that competes with the entire financial system by removing middlemen and friction through smart contracts. He views ETH as a utility settlement layer and watches settlement and development activity as his key metrics, noting a favorable gap between strong fundamentals and current price. He predicts a generational shift as boomer decision-makers who resisted crypto give way to Gen X, millennials, and Gen Z who have normalized it, eventually making crypto a responsible part of family office portfolios and an inflation hedge superior to gold. He distinguishes Bit Digital as a strategic asset company rather than a digital asset treasury: rather than just shoving ETH on a shell balance sheet, Bit Digital sold all its Bitcoin to go all in on Ethereum, holds around 158,000 ETH which it stakes, owns 70% of NASDAQ-listed White Fiber (an AI data center company serving clients like Cerebras and Nscale with billion-dollar contracts), and lends against its ETH to finance White Fiber's buildout for alpha positioning. He frames AI as the third catalyst of the industrial revolution after electricity and the internet, describes the White Fiber IPO as the best day of his life, and closes predicting Wall Street has already chosen Ethereum as its programmable money horse though it is not yet priced in, plus a lightning round where he names government surveillance as his biggest AI fear. 00:00 Introduction 00:26 Setting the Stage: Finance, Networks, and Scale 00:48 Meet Sam Tabar 01:25 A Get to Know You Question 01:40 Growing Up With a Mechanic and a Tarot Reader 02:15 Logic vs Intuition in Leadership 03:03 Why Following Intuition Matters 03:31 Leaving Law to Follow Intuition 04:19 Why the Money Frame Is Wrong for Ethereum 04:57 Bitcoin as a Store of Value vs Gold 05:19 The Generational Shift in Portfolio Construction 06:08 Why Crypto Will Enter Family Offices 06:34 Ethereum as Programmable Money 06:58 Removing Middlemen and Friction 07:21 Ethereum as a Utility Settlement Layer 07:49 Conflating ETH Price and the Settlement Layer 08:10 Why Boomer Resistance Will Fade 08:48 From Bitcoin Mining to 158,000 Ethereum 09:29 Strategic Asset Company vs Digital Asset Treasury 10:08 Going All In on Ethereum 10:28 Taking Digital Tomatoes From Bitcoin Maxis 10:49 How the Strategic Asset Model Works 11:08 The ChatGPT Eureka Moment 11:50 Why AI Runs on Data Centers 12:23 Building Data Centers for Cerebras and Nscale 12:46 Why It Is Called White Fiber 13:12 How Bit Digital Owns 70% of White Fiber 13:43 Lending Against ETH to Finance Data Centers 14:05 Why This Is an Alpha Posture 14:19 What the NASDAQ Launch Day Was Like 14:49 Building Something That Outlasts You 15:04 Why He Would Not Recommend an IPO 15:32 Where Ethereum Goes Next Year 15:59 Why Wall Street Has Already Chosen Ethereum 16:23 Performing Regardless of ETH Direction 16:53 The Third Catalyst of the Industrial Revolution 17:24 The Lightning Round 17:36 Bitcoin or Ethereum 17:52 The Biggest Threat From AI 18:25 Secured or Unsecured Debt 18:32 Oxford or Columbia 19:47 Financial Data or Tarot Cards 20:00 Closing _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ *ETHConf 2026* ETHConf is a 3 day event for founders, industry leaders, and builders who are excited about the possibilities of building on top of Ethereum. Connect with 2,000+ top innovators in crypto, finance, technology, and policy at our inaugural three-day event packed with showcases, demos, partnerships, and conversations shaping the future of the global economy. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ *Follow ETHConf* X: https://x.com/ethconf Website: https://ethconf.com _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🎟️ Get your early bird tickets for ETHConf 2027: https://ethconf.com/2027#tickets 🎤 View the full ETHConf 2026 Speaker Schedule: https://ethconf.com/schedule _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

ETHGlobal · Oct 9, 2025

Alexey Proshutinskiy, engineer at Fluence, walks through how to deploy on Fluence Virtual Servers and explains why decentralized cloud infrastructure solves the most pressing problems of traditional cloud providers. Traditional cloud platforms come with vendor lock-in, hidden costs, lack of transparency, and censorship risks. Fluence eliminates these constraints by providing a marketplace of independent Tier 3 and Tier 4 data centers worldwide. Developers see exactly where their data lives, what hardware they get, and which certifications each center holds. Pricing is transparent—up to 75% cheaper than traditional clouds—with no hidden transfer fees or penalties. This tutorial demonstrates how to quickly deploy servers on Fluence: choosing a data center location, configuring CPU and storage, setting up SSH keys, and launching instances in minutes. The session also shows how to manage instances through the console, use the API for automated deployments, and claim free credits during hackathons. Fluence bounties include bonus rewards for projects deploying on Fluence at the final stage, and special prizes for the best use of Fluence Virtual Servers. With enterprise-grade infrastructure, global availability, and an open marketplace model, Fluence offers a new path for developers to build cloud-native dApps without fear of lock-in or censorship. 00:02 Introduction & problems with traditional clouds 00:34 Vendor lock-in, hidden costs & censorship risks 00:56 What is Fluence? Decentralized compute explained 01:20 Key advantages: cheaper, transparent, global, enterprise-grade 02:06 Infrastructure as a service: servers, containers, GPUs 02:29 Hackathon bounties: joint & Fluence-specific rewards 02:56 Console demo: choosing location & configuration 04:00 Example: Belgium data center setup 04:44 Selecting OS & SSH keys 05:22 Launching instance & viewing details 06:08 API keys & using Fluence API 07:10 Checking instance, public IP & SSH access 07:40 Claiming free credits & support via Discord 07:55 Closing remarks & hackathon good luck _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🇮🇳 *ETHGlobal New Delhi* This workshop is specifically for ETHGlobal New Delhi, a 3-day hackathon held September 19-21 at the India International Convention & Expo Centre, bringing together the most skilled web3 developers, designers and product builders from all around the globe for a weekend-long adventure to advance the Ethereum ecosystem! Watch the full ETHGlobal New Delhi 2025 playlist here: https://www.youtube.com/playlist?list=PLXzKMXK2aHh7zCFW3hBqatZ18rQaYeEJL _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ *Follow Fluence* X: https://x.com/fluence_project ✅ *Follow ETHGlobal* X: https://x.com/ETHGlobal​ Warpcast: https://warpcast.com/ethglobal Website: https://ethglobal.com YouTube: https://www.youtube.com/c/ETHGlobal _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _Are you interested in Ethereum development and entrepreneurship?_ 👉 Sign up for the next ETHGlobal event: https://ethglobal.com/events 🎁 Get exclusive access and perks with ETHGlobal Plus! https://ethglobal.com/plus 📣 Want us to throw an event in your city? Tell us where! https://ethglobal.com/city

Swarm · Jun 20, 2024

SpaceCoin is pioneering using CubeSats and blockchain technology to create a decentralized, autonomous network of orbital data centers and computing resources. The video features a speaker discussing the concept of space-based data centers and their potential integration into blockchain technology. The speaker has a background in Bitcoin, Ethereum, and space technology, including working on CubeSat software and participating in the European Space Agency (ESA) hackathon. They highlight the problems with terrestrial blockchains, such as susceptibility to attacks, natural disasters, and government interference. They propose that space-based data centers could offer solutions by providing unlimited land, freedom from national jurisdictions, lower energy consumption through solar energy harvesting in orbit, reduced latency for data transmission, and protection from physical attacks and natural disasters. The speaker also mentions high implementation costs and technical complexities as challenges but outlines a roadmap of progress in space-based computing since 2010 with experiments on the International Space Station (ISS) and partnerships with companies like Space Chain. The ultimate vision is to create a decentralized network of orbital data centers offering secure data processing services. Potential applications include space passports for extraterrestrial jurisdiction and secure banking operations. The presentation ends with an invitation to keep in touch through social media and solve a riddle left by the presenter. A question from the audience about the legal boundary of EU jurisdiction in relation to satellite data storage concludes the talk.