Something to do with how lend is moving to aave I'm guessing?
Lend/aave
Ian Torres
Austin Jenkins
I thought this. The volume and movements look so fucked up. What I don't get though, is why it's up and down over several days? It was what, 2-3 days ago it dropped 45%, then last night/this morning it was at -39%. Last time I looked it was up 25%. Normally if they move ticker or move to their own chain you just see an instant drop as people move over and that's it, not several. Dunno...
Ethan Gonzalez
cant i buy lend and then do the swap for aave in some arbtrage sort of way? the price isnt at 1:100 parity even though you get that on aave
Logan Sanchez
Yeah you have to stake the lend on their website to turn it into aave. Pretty sure you have to stake it for a week or some amount of time.
Jonathan Lee
maybe that explains the retarded price swings?
Aaron Reed
All of DeFI is a ponzi scheme i'm sorry user. Aave, Lend, YFi..... Locking assets and generating unheard of APR is literally the hallmarks of ponzi achemes and all of you were too stupid to notice.
Grayson Sanders
I’ve been swing trading this token since June when it was 0.11, dumped it again after it wasn’t showing any action after the migration. Glad I got out before the dump...will probably go back in again at a good price. It is a good and legit project
Parker Howard
Whats the deal with aave in general? Whats the point of the new token, and why both tokens still active?
Nathan Perez
I think it probably does yes
Alexander Gutierrez
shame, kinda glad i didnt throw 1k link at this when they first came out with the aave token the other day but i do think aave is legit, i got 2k link locked up on it to get an extra 1k link to my linklet stack.
so what would be the way to go about it, wait when lend is cheaper on a 1:100 basis to aave or when its more expensive? Im just drawing a brain fart about the right way to buy lend, wait for price change, then do the swap and sell back