Knowledge Notes | Stani Kulechov
① Starting in October 2020, LEND migrated to AAVE at a ratio of 100 to 1: 1.3 billion LEND corresponded to 13 million AAVE, with another 3 million set aside in the ecosystem reserve.
② In January 2020, the Aave protocol launched on the Ethereum mainnet, changing its lending model from peer-to-peer matching to a liquidity pool model.
③ Borrowing stablecoins to buy highly volatile coins is like using leverage, so you need to manage risk as you would for a leveraged position.
$AAVE 122.86（-1.32%）
#AAVE
① Starting in October 2020, LEND migrated to AAVE at a ratio of 100 to 1: 1.3 billion LEND corresponded to 13 million AAVE, with another 3 million set aside in the ecosystem reserve.
② In January 2020, the Aave protocol launched on the Ethereum mainnet, changing its lending model from peer-to-peer matching to a liquidity pool model.
③ Borrowing stablecoins to buy highly volatile coins is like using leverage, so you need to manage risk as you would for a leveraged position.
$AAVE 122.86（-1.32%）
#AAVE