How did the Finnish word for “ghost” become the name of a lending protocol?
First, the basics: In January 2020, the Aave protocol launched on the Ethereum mainnet, shifting lending from peer-to-peer matching to a liquidity pool model.
Why does it work this way? Flash loans require no 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.
$AAVE came from migrating the original LEND tokens at a 100-to-1 ratio. Current price: 153.1.
Compare information from multiple sources before deciding; don’t rely on just one person’s account.
#AAVE
First, the basics: In January 2020, the Aave protocol launched on the Ethereum mainnet, shifting lending from peer-to-peer matching to a liquidity pool model.
Why does it work this way? Flash loans require no 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.
$AAVE came from migrating the original LEND tokens at a 100-to-1 ratio. Current price: 153.1.
Compare information from multiple sources before deciding; don’t rely on just one person’s account.
#AAVE