Who is Stani Kulechov? Don’t worry, your class rep is here:
ETHLend was later renamed Aave. In Finnish, “Aave” means “ghost.”
In a lending protocol, when the value of collateral falls below the liquidation threshold, liquidators can repay part of the borrower’s debt on their behalf and take the corresponding collateral at a discount.
The homepage of my personal study notes says: Understand it first, then take action.
$AAVE 110.77 (-6.75%)
ETHLend was later renamed Aave. In Finnish, “Aave” means “ghost.”
In a lending protocol, when the value of collateral falls below the liquidation threshold, liquidators can repay part of the borrower’s debt on their behalf and take the corresponding collateral at a discount.
The homepage of my personal study notes says: Understand it first, then take action.
$AAVE 110.77 (-6.75%)