How did the Finnish word for “ghost” become the name of a lending protocol?
Definition: The Aave protocol offered flash loans from day one: borrow and repay within the same transaction, with no collateral required.
The logic behind it: In a lending protocol, when the value of the collateral falls below the liquidation threshold, liquidators repay part of the borrower's debt and take the corresponding collateral at a discount.
$AAVE is Aave protocol's governance token. Holders can participate in protocol governance.
Knowledge can help you avoid pitfalls, but it can't replace position management.
#AAVE
Definition: The Aave protocol offered flash loans from day one: borrow and repay within the same transaction, with no collateral required.
The logic behind it: In a lending protocol, when the value of the collateral falls below the liquidation threshold, liquidators repay part of the borrower's debt and take the corresponding collateral at a discount.
$AAVE is Aave protocol's governance token. Holders can participate in protocol governance.
Knowledge can help you avoid pitfalls, but it can't replace position management.
#AAVE
