Knowledge Notes｜Stani Kulechov
① Stani Kulechov founded ETHLend in 2017, a peer-to-peer lending platform on Ethereum.
② Starting in October 2020, LEND was exchanged for AAVE at a ratio of 100 to 1: 1.3 billion LEND corresponded to 13 million AAVE, with another 3 million set aside for the ecosystem reserve.
③ Flash loans are just a tool. In many attacks, they have been used to manipulate prices, so pay attention to a protocol’s oracle design before choosing a protocol.
$AAVE 123.33（-1.15%）
You’re responsible for your own risk; I’m just talking.
① Stani Kulechov founded ETHLend in 2017, a peer-to-peer lending platform on Ethereum.
② Starting in October 2020, LEND was exchanged for AAVE at a ratio of 100 to 1: 1.3 billion LEND corresponded to 13 million AAVE, with another 3 million set aside for the ecosystem reserve.
③ Flash loans are just a tool. In many attacks, they have been used to manipulate prices, so pay attention to a protocol’s oracle design before choosing a protocol.
$AAVE 123.33（-1.15%）
You’re responsible for your own risk; I’m just talking.
