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Starting in October 2020, LEND migrated to AAVE at a 100:1 ratio: 1.3 billion LEND corresponded to 13 million AAVE, with another 3 million deposited into the ecosystem reserve.
In lending protocols, when the health factor falls below the liquidation threshold, liquidators repay part of the borrower’s debt and take the corresponding collateral at a discount.
$AAVE was converted from the original LEND token at a 100:1 ratio.
Don’t put all your funds into one project.
This is just my personal opinion; please consider it rationally.
Starting in October 2020, LEND migrated to AAVE at a 100:1 ratio: 1.3 billion LEND corresponded to 13 million AAVE, with another 3 million deposited into the ecosystem reserve.
In lending protocols, when the health factor falls below the liquidation threshold, liquidators repay part of the borrower’s debt and take the corresponding collateral at a discount.
$AAVE was converted from the original LEND token at a 100:1 ratio.
Don’t put all your funds into one project.
This is just my personal opinion; please consider it rationally.
