Stani Kulechov in three sentences:
The Aave protocol supported flash loans from launch: borrow and repay within a single transaction, with no collateral required.
In lending protocols, when the value of collateral falls below the liquidation threshold, liquidators can repay part of a borrower’s debt and buy the corresponding collateral at a discount.
Borrowing stablecoins to buy highly volatile tokens is like using leverage, so manage the risk as you would for a leveraged position.
$AAVE 148.16 (+0.18%)
These views are for discussion only. You assume all risks.
The Aave protocol supported flash loans from launch: borrow and repay within a single transaction, with no collateral required.
In lending protocols, when the value of collateral falls below the liquidation threshold, liquidators can repay part of a borrower’s debt and buy the corresponding collateral at a discount.
Borrowing stablecoins to buy highly volatile tokens is like using leverage, so manage the risk as you would for a leveraged position.
$AAVE 148.16 (+0.18%)
These views are for discussion only. You assume all risks.