🔥 Key insights: Stani Kulechov
Flash loans don’t require collateral because the borrowed funds must be repaid within the same transaction. If they aren’t, the entire transaction is reverted, as if it never happened.
Leave a healthy safety margin when borrowing from a lending protocol. When collateral prices plunge, liquidation can happen sooner than you think.
$AAVE was obtained by converting the original LEND tokens at a ratio of 100 to 1.
Have you ever misunderstood this too?
Markets move quickly, so make your own decisions.
Flash loans don’t require collateral because the borrowed funds must be repaid within the same transaction. If they aren’t, the entire transaction is reverted, as if it never happened.
Leave a healthy safety margin when borrowing from a lending protocol. When collateral prices plunge, liquidation can happen sooner than you think.
$AAVE was obtained by converting the original LEND tokens at a ratio of 100 to 1.
Have you ever misunderstood this too?
Markets move quickly, so make your own decisions.