Knowledge Card: Stani Kulechov
AAVE has a total supply of 16 million tokens: 13 million were migrated from LEND at a 100-to-1 ratio, and 3 million are held in the protocol’s ecosystem reserve.
In 2023, Aave launched GHO, an overcollateralized stablecoin.
Borrowing stablecoins to buy highly volatile coins is essentially using leverage, so you should manage the risk as you would for a leveraged position.
$AAVE was converted from the original LEND token at a 100-to-1 ratio. Current price: 161.47.
AAVE has a total supply of 16 million tokens: 13 million were migrated from LEND at a 100-to-1 ratio, and 3 million are held in the protocol’s ecosystem reserve.
In 2023, Aave launched GHO, an overcollateralized stablecoin.
Borrowing stablecoins to buy highly volatile coins is essentially using leverage, so you should manage the risk as you would for a leveraged position.
$AAVE was converted from the original LEND token at a 100-to-1 ratio. Current price: 161.47.