How did the Finnish word for “ghost” become the name of a lending protocol?
First, the basics: In January 2020, the Aave protocol launched on the Ethereum mainnet, switching its lending model from peer-to-peer matching to a liquidity pool model.
The logic behind it: Flash loans require no collateral because the borrowed funds must be repaid in the same transaction. If they aren’t, the entire transaction is rolled back, as if it never happened.
$AAVE is the Aave protocol’s governance token. Holders can participate in protocol governance.
It’s best to only deposit money you can afford to lose without it affecting your life.
#AAVE
The data is for reference only—don’t take it all at face value.
First, the basics: In January 2020, the Aave protocol launched on the Ethereum mainnet, switching its lending model from peer-to-peer matching to a liquidity pool model.
The logic behind it: Flash loans require no collateral because the borrowed funds must be repaid in the same transaction. If they aren’t, the entire transaction is rolled back, as if it never happened.
$AAVE is the Aave protocol’s governance token. Holders can participate in protocol governance.
It’s best to only deposit money you can afford to lose without it affecting your life.
#AAVE
The data is for reference only—don’t take it all at face value.
