No credit checks or approval needed—how does borrowing on-chain work?
The health factor changes with prices: it falls when the collateral price drops or the price of the borrowed asset rises.
Mainstream decentralized lending uses overcollateralization: the value you can borrow is less than the value of your collateral.
Learning this won’t make me money right away, but it can help me avoid one rookie mistake.
Don’t put all your funds into a single project.
$AAVE 136.53（+3.6%）
#AAVE
The health factor changes with prices: it falls when the collateral price drops or the price of the borrowed asset rises.
Mainstream decentralized lending uses overcollateralization: the value you can borrow is less than the value of your collateral.
Learning this won’t make me money right away, but it can help me avoid one rookie mistake.
Don’t put all your funds into a single project.
$AAVE 136.53（+3.6%）
#AAVE