Who is Stani Kulechov? Don’t panic—the class rep has the answer:
In 2023, Aave launched GHO, a decentralized stablecoin.
Flash loans don’t require collateral because the borrowed funds must be repaid in the same transaction. If they aren’t, the entire transaction is reverted, as if it never happened.
Back then, not understanding this could’ve cost you enough in tuition to enjoy several hot pot meals.
$AAVE 155.83（-9.01%）
#AAVE
In 2023, Aave launched GHO, a decentralized stablecoin.
Flash loans don’t require collateral because the borrowed funds must be repaid in the same transaction. If they aren’t, the entire transaction is reverted, as if it never happened.
Back then, not understanding this could’ve cost you enough in tuition to enjoy several hot pot meals.
$AAVE 155.83（-9.01%）
#AAVE