Let's talk about Stani Kulechov.
In January 2020, the Aave protocol launched on the Ethereum mainnet, changing lending from peer-to-peer matching to a liquidity pool model.
To be honest, I hadn't noticed this before: flash loans are just a tool. In many attacks, they're used to manipulate prices, so pay attention to a protocol's oracle design when choosing a protocol.
$AAVE was migrated from the original LEND token at a 100-to-1 ratio.
When you hear claims of stable, high returns, be skeptical.
In January 2020, the Aave protocol launched on the Ethereum mainnet, changing lending from peer-to-peer matching to a liquidity pool model.
To be honest, I hadn't noticed this before: flash loans are just a tool. In many attacks, they're used to manipulate prices, so pay attention to a protocol's oracle design when choosing a protocol.
$AAVE was migrated from the original LEND token at a 100-to-1 ratio.
When you hear claims of stable, high returns, be skeptical.