Who is Stani Kulechov? Don’t panic, your class rep is here to explain:
ETHLend was later renamed Aave, which means “ghost” in Finnish.
Flash loans don’t require collateral because the borrowed money has to be repaid in the same transaction. If it isn’t, the entire transaction reverts, as if it never happened.
The first page of my trading journal says: Understand it before you trade.
$AAVE 131.93 (+4%)
ETHLend was later renamed Aave, which means “ghost” in Finnish.
Flash loans don’t require collateral because the borrowed money has to be repaid in the same transaction. If it isn’t, the entire transaction reverts, as if it never happened.
The first page of my trading journal says: Understand it before you trade.
$AAVE 131.93 (+4%)
