Who is Stani Kulechov? Many people can't answer!
In January 2020, the Aave protocol launched on the Ethereum mainnet, shifting lending from peer-to-peer matching to a liquidity pool model.
Under the liquidity pool model, depositors put assets into the pool to earn interest, while borrowers first provide more assets as collateral and then borrow from the pool. Interest rates automatically adjust based on pool utilization.
Don't rush into action just because everyone else is doing it.
$AAVE 133.16（+1.42%）
#AAVE
The above is compiled from publicly available information. Please refer to the original text.
In January 2020, the Aave protocol launched on the Ethereum mainnet, shifting lending from peer-to-peer matching to a liquidity pool model.
Under the liquidity pool model, depositors put assets into the pool to earn interest, while borrowers first provide more assets as collateral and then borrow from the pool. Interest rates automatically adjust based on pool utilization.
Don't rush into action just because everyone else is doing it.
$AAVE 133.16（+1.42%）
#AAVE
The above is compiled from publicly available information. Please refer to the original text.