Who is Stani Kulechov?
ETHLend was later renamed Aave. In Finnish, Aave means “ghost.”
Under the liquidity pool model, lenders deposit assets into the pool to earn interest, while borrowers first provide more assets as collateral and then borrow from the pool. Interest rates adjust automatically based on utilization.
$AAVE was converted from the original LEND token at a ratio of 100 to 1.
#AAVE
ETHLend was later renamed Aave. In Finnish, Aave means “ghost.”
Under the liquidity pool model, lenders deposit assets into the pool to earn interest, while borrowers first provide more assets as collateral and then borrow from the pool. Interest rates adjust automatically based on utilization.
$AAVE was converted from the original LEND token at a ratio of 100 to 1.
#AAVE