Profile | Who is Stani Kulechov?
In January 2020, the Aave protocol launched on the Ethereum mainnet, changing its lending model from peer-to-peer matching to a liquidity pool model.
Flash loans require no collateral because the borrowed funds must be repaid in the same transaction. If they aren’t, the entire transaction is reversed, as if it had never happened.
$AAVE is the governance token of the Aave protocol. Holders can participate in governance voting.
Every potential return comes with a corresponding risk. First, consider how much you could lose in the worst-case scenario.