Who is Stani Kulechov? Don’t worry, your class study rep is here to explain:
AAVE has a total supply of 16 million tokens: 13 million were converted from LEND at a rate of 100 to 1, and 3 million are held in the ecosystem reserve.
In a lending protocol, when the health factor falls below the liquidation threshold, liquidators can repay part of a borrower’s debt and take the corresponding collateral at a discount.
Me before: rush in first, figure it out later. Me now: read the manual first.
$AAVE 129.19 (-4.8%)
#AAVE
AAVE has a total supply of 16 million tokens: 13 million were converted from LEND at a rate of 100 to 1, and 3 million are held in the ecosystem reserve.
In a lending protocol, when the health factor falls below the liquidation threshold, liquidators can repay part of a borrower’s debt and take the corresponding collateral at a discount.
Me before: rush in first, figure it out later. Me now: read the manual first.
$AAVE 129.19 (-4.8%)
#AAVE
