Who is Stani Kulechov? Don't panic—the class rep is here with the answer:
In January 2020, the Aave protocol launched on the Ethereum mainnet, shifting lending from peer-to-peer matching to a liquidity pool model.
In the liquidity pool model, lenders deposit assets into a pool to earn interest, while borrowers first provide more assets as collateral before borrowing from the pool. Interest rates adjust automatically based on pool utilization.
There won't be a test on this lesson, but the market can spring a pop quiz at any time.
$AAVE 148.32 (-1.25%)
#AAVE
This is just my personal opinion and should not be taken as a basis for trading.
In January 2020, the Aave protocol launched on the Ethereum mainnet, shifting lending from peer-to-peer matching to a liquidity pool model.
In the liquidity pool model, lenders deposit assets into a pool to earn interest, while borrowers first provide more assets as collateral before borrowing from the pool. Interest rates adjust automatically based on pool utilization.
There won't be a test on this lesson, but the market can spring a pop quiz at any time.
$AAVE 148.32 (-1.25%)
#AAVE
This is just my personal opinion and should not be taken as a basis for trading.