Who is Stani Kulechov?
Since October 2020, LEND has migrated to AAVE at a 100:1 ratio: 1.3 billion LEND corresponds to 13 million AAVE, with another 3 million allocated to the ecosystem reserve.
In the liquidity pool model, lenders deposit assets into a pool to earn interest, while borrowers first provide excess collateral and then borrow from the pool. Interest rates adjust automatically based on pool utilization.
$AAVE was migrated from the original LEND token at a 100:1 ratio. Currently 150.3.
Since October 2020, LEND has migrated to AAVE at a 100:1 ratio: 1.3 billion LEND corresponds to 13 million AAVE, with another 3 million allocated to the ecosystem reserve.
In the liquidity pool model, lenders deposit assets into a pool to earn interest, while borrowers first provide excess collateral and then borrow from the pool. Interest rates adjust automatically based on pool utilization.
$AAVE was migrated from the original LEND token at a 100:1 ratio. Currently 150.3.