Which protocol popularized the “flash loan” feature?
Starting in October 2020, LEND was converted to AAVE at a 100-to-1 ratio: 1.3 billion LEND corresponded to 13 million AAVE, with another 3 million allocated to the ecosystem reserve.
Borrowing stablecoins to swap them for highly volatile coins is essentially using leverage, so you need to manage the risk as you would for a leveraged position.
$AAVE is the governance token of the Aave protocol, and holders can participate in protocol governance.
If you know someone who’s just getting into crypto, you can send this to them.
#AAVE
This is not a recommendation. Make your own decisions about buying or selling.
Starting in October 2020, LEND was converted to AAVE at a 100-to-1 ratio: 1.3 billion LEND corresponded to 13 million AAVE, with another 3 million allocated to the ecosystem reserve.
Borrowing stablecoins to swap them for highly volatile coins is essentially using leverage, so you need to manage the risk as you would for a leveraged position.
$AAVE is the governance token of the Aave protocol, and holders can participate in protocol governance.
If you know someone who’s just getting into crypto, you can send this to them.
#AAVE
This is not a recommendation. Make your own decisions about buying or selling.