Asked: Who is Stani Kulechov?
My answer: The total supply of AAVE is 16 million tokens: 13 million were migrated from LEND at a 100:1 ratio, and 3 million are held in the ecosystem reserve. Under the liquidity pool model, lenders deposit assets into the pool to earn interest, while borrowers first provide excess collateral and then borrow from the pool. Interest rates adjust automatically based on pool utilization.
$AAVE 134.01(-3.58%)
What would you like to hear about next? Wallets or something else?