Flash loans are the future. Aave is the future
Can you redpill me on what the usecase of the LEND token is and why I should buy it?
He cant lol becase its usless shit and he shills it to pump hes bags thats it
Aave platform is dope tho
soon stake token for governance rights and fee collection rights, tokens insure the protocol in case system becomes undercollateralized.
right now fee collection is a token burn
burning and staking soon
this will be a 10$ token in the next bull run.
governance
defirate.com
Alright, sounds interesting.
I think Aave has a bright future, but seems like the ROI might be higher elsewhere.
Who knows if people will use this in 10 years time anymore.
Those lending plattforms are only profitable, because at the moment, retards get liquidated and lose their stake.
yep
Should i buy $LEND?
it is most of my stack
But why? it is priced right now at ~745 satoshis, seems like it won't go far
>OPs image
I see OP is a synthwave chad
youtube.com
Hello Marc
the best of chads
It's not useless lmao. Read the whitepaper. It's burnt already for fees, and it's going to be staked to back the liquidity to make said flash loans (which will reward the stakers obviously). I'm expecting it to go to a couple of bucks at least.
Why wouldn't it? Token burn alone (since it's a platform that's actually seeing heavy use) will drive it up.
DeFi is the next wave in crypto. Severely undervalued
checked
So do you think it would be a god idea to aquire a 10,000 stack?
What do you think would this shitcoin yield in staking?
Why wouldn't people want loans in 10 years?
No idea. If it keeps seeing solid use, especially once flash loans get bug, it should be decent though.
>Why wouldn't people want loans in 10 years?
Well, let's do some brainstorming.
I can't come up with any real needful usecase in mass adoption. And to go on from here: The way a plattform like Aave makes a profit currently is when people get liquidated because od sudden price dumps.
I don't think there will be such a gigantic volatility anymore in 10 years. So that's that.
bump
African American Vernacular English?
Bump
Why do you think they only make profit on liquidation? Have you actually read how it works? They get fees, plus there's a spread between borrowing & lending. And why don't you think loans are a valid use case? I literally have about 20k borrowed out on it right now lmao. The whole finance world runs on lending, I'm not liquidating positions just to buy moonshots. I borrow against my stack, then when I profit I pay down the debt. Did that on Compound & MakerDAO before this (I still use them for specific reasons actually), but Aave lets me use Link as well & I like their model more in the whole.
I doubt it. Until smart contracts are at a point where they can follow you, but people who need loans are usually people with no money to put up for meme collateral.
>People who need loans have no money
Literally not true. How do you think boomers buy 10 houses each for example? They use house number 1 as collateral & leverage into the uptrend in property. prices. The principle here is exactly the same.
Ok but this isn't like that -- crypto is the only form of collateral, and can be EASILY sold to gather funds. I'm not saying that flash crypto loans have no functionality, but the widespread appeal is far off.
Compound and AAVE have institutional investors
And again, why would I do that? If I have Ethereum & I expect it to go up, why would I sell it to buy shitcoin of the week? And flash loans are a different story again, instant uncollateralised loans for things like arbitrage bots, or stopping MakerDAO CDPs getting liquidated or whatever (which is how Defisaver works).
Ya I am anti KYC so DyDx and Aave are some of my faves. Uniswap is definitely in the top of my list though.
I recently put a 5x long with a 5 Eth position in on DyDx. Also intrested in Aave.
Can someone who uses Aave for arbitrage explain it to me. I like the protocol and kind of understand it but do not know how to directly profit from it.
Flash loans are retarded. All they're going to be used for is shitcoin arbitrage on chink wash trading exchanges and hacking ponzi "defi" platforms