No credit history, no approval required—how do you borrow money on-chain?
Interest rates on lending protocols usually fluctuate with pool utilization: the higher the proportion of funds borrowed, the higher the borrowing and deposit rates generally become.
Key point: Borrowing rates are variable. When pool utilization approaches its limit, rates may rise sharply, so factor this cost into any long-term borrowing.
$AAVE is the governance token of the on-chain lending protocol Aave.
Understanding the rules helps you make informed decisions; it’s not a way to predict the market.
#AAVE
Personal notes only; not a recommendation to buy or sell.
Interest rates on lending protocols usually fluctuate with pool utilization: the higher the proportion of funds borrowed, the higher the borrowing and deposit rates generally become.
Key point: Borrowing rates are variable. When pool utilization approaches its limit, rates may rise sharply, so factor this cost into any long-term borrowing.
$AAVE is the governance token of the on-chain lending protocol Aave.
Understanding the rules helps you make informed decisions; it’s not a way to predict the market.
#AAVE
Personal notes only; not a recommendation to buy or sell.