🧮 Today's key takeaway: Stani Kulechov
In January 2020, the Aave protocol launched on the Ethereum mainnet, shifting lending from peer-to-peer matching to a liquidity pool model.
Borrowing stablecoins to buy highly volatile cryptocurrencies is effectively using leverage, so you need to manage risk as you would with a leveraged position.
Every return comes with a corresponding risk. First, consider how much you could lose in the worst-case scenario.
$AAVE migrated from the original LEND token at a ratio of 100 to 1.
Data is based on publicly available information. Please verify it yourself.
In January 2020, the Aave protocol launched on the Ethereum mainnet, shifting lending from peer-to-peer matching to a liquidity pool model.
Borrowing stablecoins to buy highly volatile cryptocurrencies is effectively using leverage, so you need to manage risk as you would with a leveraged position.
Every return comes with a corresponding risk. First, consider how much you could lose in the worst-case scenario.
$AAVE migrated from the original LEND token at a ratio of 100 to 1.
Data is based on publicly available information. Please verify it yourself.