Money Talk
Your thoughts on AAVE?
Submitted by cvinogradoff, 29-09-2020, 01:13 PM, Thread ID: 182127
Thread Closed
RE: Your thoughts on AAVE? 29-09-2020, 08:23 PM #2 I would not buy it now, it has gone up several hundred percent and needs to cool off. It is a good project though, it allows you to deposit some of the Ethereum based cryptocurrencies and get interest on them as well as borrow said assets. If you're borrowing though you need to provide double the crypto to back your loan. So borrowing 50$ requires you to have 100$ essentially.
29-09-2020, 08:23 PM
#2 I would not buy it now, it has gone up several hundred percent and needs to cool off. It is a good project though, it allows you to deposit some of the Ethereum based cryptocurrencies and get interest on them as well as borrow said assets. If you're borrowing though you need to provide double the crypto to back your loan. So borrowing 50$ requires you to have 100$ essentially.