People | Stani Kulechov
Definition: ETHLend was later renamed Aave. Aave means “ghost” in Finnish.
How it works: Flash loans require no collateral because the borrowed funds must be repaid in the same transaction. Otherwise, the entire transaction reverts as if it had never happened.
In practice: Leave a sufficient safety margin when borrowing from lending protocols. When collateral prices drop sharply, liquidation often comes sooner than expected.
$AAVE 111.47（-4.8%）
Not investment advice. Don’t copy this blindly.
Definition: ETHLend was later renamed Aave. Aave means “ghost” in Finnish.
How it works: Flash loans require no collateral because the borrowed funds must be repaid in the same transaction. Otherwise, the entire transaction reverts as if it had never happened.
In practice: Leave a sufficient safety margin when borrowing from lending protocols. When collateral prices drop sharply, liquidation often comes sooner than expected.
$AAVE 111.47（-4.8%）
Not investment advice. Don’t copy this blindly.
