Aave


Aave is a decentralized money market protocol where users can lend and borrow cryptocurrency across 20 different assets as collateral. The protocol has a native token called AAVE, which is also a governance token that lets the community decide the direction of the protocol in a collective manner. Lenders can earn interest by providing liquidity to the market, while borrowers can borrow by collateralizing their cryptoassets to take out loans from the liquidity pools.

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by COINS NEWS - 1 year ago

What the Hell is happening with rETH on AAVE right now?

Someone has borrowed almost every subgke rETH on AAVE pushing the borrow interest rake to 3000% This looks a lot like when the mango exploiter had tried to manipulate the market with CRV recently. Just by looking it would appear that it was all borro...