Stani Kulechov, founder and CEO of DeFi protocol Aave, revealed at the Permissionless Summit that AAVE is internally testing the use of NFTs as collateral. Stani Kulechov also stated that he was shocked by the speed at which the industry is developing, locking billions of dollars of value in smart contracts is not an easy task, and it has happened in only a few years.

Stani Kulechov, founder and CEO of DeFi protocol Aave, revealed at the Permissionless Summit that AAVE is internally testing the use of NFTs as collateral. Stani Kulechov also stated that he was shocked by the speed at which the industry is developing, locking billions of dollars of value in smart contracts is not an easy task, and it has happened in only a few years.