Which protocol popularized “flash loans”?
In January 2020, the Aave protocol launched on the Ethereum mainnet, shifting lending from peer-to-peer matching to a liquidity pool model.
Key point: Borrowing stablecoins to buy highly volatile coins is effectively using leverage, so you need to manage the risk as you would a leveraged position.
$AAVE was converted from the original LEND token at a ratio of 100 to 1.
Don’t trade with borrowed money. The pressure can easily lead you to make poor decisions.
In January 2020, the Aave protocol launched on the Ethereum mainnet, shifting lending from peer-to-peer matching to a liquidity pool model.
Key point: Borrowing stablecoins to buy highly volatile coins is effectively using leverage, so you need to manage the risk as you would a leveraged position.
$AAVE was converted from the original LEND token at a ratio of 100 to 1.
Don’t trade with borrowed money. The pressure can easily lead you to make poor decisions.
