LINK is now the #1 borrowed asset on aave
what's gonna happen?
LINK is now the #1 borrowed asset on aave
Gavin Jackson
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Connor Perez
why do they borrow it? to short with?
James Edwards
>pomp et
Nathan Anderson
Massive short squeeze that shoots link to the $15-20 range
Ryder Reed
Keep in mind whales know this and love nothing more than wrecking people.
Juan Diaz
>what's gonna happen?
Isaiah Harris
NEW ATH COMING, DOUBLE EVENTS + BSN ANNOUNCEMENT OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO
Jack Hughes
I have 10k linkies on aave but not to short but to long
Jaxson Gonzalez
that has been the case for the past week.
Grayson James
Initially to short, but their short was a colossal failure so now they have to borrow to minimize their losses
Christian Ramirez
checked, based and futurepilled
Alexander Harris
checked. What BSN announcement? Is there new info?
Leo Young
what habben if i have some LINK deposited in aave not Im not borrowing against it? Is there any worry about me losing my LINKs?
Asher Lee
NEXO needs link to dump. It's not really working out great.
Aaron Wilson
I'm also wondering this. And how much would we earn
Daniel Nguyen
I wish we could see their liq price
Wyatt Watson
Thanks, I missed that
Nicholas Long
No clue, but how you going to get paid if they have nothing?
You'll wish you had a smart contract
Wyatt Cox
Simeon borrowed your Link to short on binance.
This means he sold you stack and left a collateral on AAVE.
He is using your link to short against you and reduce the collateral% value of your link stack which could cause you to get destroyed if this gets too low.
The second thing is once he has sold your link stack he doesn't have it anymore and can't buy it back again without heavily increasing the price of Link and going bust.
He can't return what he borrowed.
Then this means AAVE will have to get back the money once his collateral is used.
However you either will get his BTC stack in exchange at the moment the collateral is taken and before Link moons or you will get a reduced percentage of your Link stack back based on what AAVE can get now that all this liquidity disappeared and it can't buy back everything without increasing the price tenfold.
You are essentially the same as a swing trader hoping he won't lose everything once Link moons.
John Peterson
This shit is going to be historic if it gets pulled off.
PAMP EEEET
Jaxon Jackson
I would withdraw right now if I were you. Things may work out or you could take some shrapnel in the chaos to come. Shit could wild very quickly.
Charles Young
i don't understand these borrowing sites and don't use them for that reason
Matthew Bailey
When does liquidation happen?
Asher Sanders
>Being this new to defi
You are earning interest on your links
If these other anons weren't just trolling no if a shorter gets btfo you wouldn't be affected the protocol is set up to protect you from this
Dylan Lewis
This may even be a heavy blow against Defi platforms.
It could potentially destroy AAVE and all trust people have in Defi platforms.
The person responsible for AAVE could get sued for this if lenders don't get back their Link stack when the short squeeze happens and Simeon goes bust.
Eli Peterson
Promises only apply to those who chose to believe in them...
Joseph Cooper
LIQUIDATE
LIQUIDATE
LIQUIDATE
WE ARE HITTING ALL NEW ATH
Jaxon Morales
this is all larping though there wont be a short squeeze lets be honest
Xavier Smith
bsn is live since 25 april
Juan Cook
>aave
>is an acronym for African American Vernacular English
Gabriel Williams
>trust the protocol, goy
>nothing could ever go wrong
t. MTGOX
Ayden Smith
Cope.
You are done Simeon
Isaac Torres
>protocol is set up to protect you
is there a smart contract?
Ethan Rodriguez
Simeon you are getting really desperate...
You can't buy back the 21M Links borrowed to short it.
Sergey dumps 500k every 2 weeks which means you sold at least the equivalent of 1.5 year of his dumps and he is the only one bringing liquidity to this market.
And Sergey may decide to decrease the size of his dumps to 200-300k like he did from 700k to 500k now that Link's price increased, which could even double that time to 3 years.
Jordan Hill
You are dumber than a box of niggers. Nothing you're shit posting is scaring people away from AAVE.
Mason Howard
Survival of the fittest.
People who chose not to think and ignore risks will get rewarded for their incompetence.
Insulting someone is not something I consider a logical argument and the last step of someone who can't refute an argument.
Adam Green
how the fuck do you get back lent link?