Before following the money, understand the rules. This time, we're talking about Stani Kulechov.
The total supply of AAVE is 16 million tokens: 13 million were converted from LEND at a ratio of 100 to 1, and 3 million were placed in the ecosystem reserve.
When borrowing from a lending protocol, leave yourself a healthy safety margin. If the price of your collateral drops sharply, liquidation can come sooner than you expect.
$AAVE came from the earliest LEND tokens, converted at a ratio of 100 to 1.
#AAVE
The total supply of AAVE is 16 million tokens: 13 million were converted from LEND at a ratio of 100 to 1, and 3 million were placed in the ecosystem reserve.
When borrowing from a lending protocol, leave yourself a healthy safety margin. If the price of your collateral drops sharply, liquidation can come sooner than you expect.
$AAVE came from the earliest LEND tokens, converted at a ratio of 100 to 1.
#AAVE
