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The Agony of AAVE - How to lose US $50M with one click...
AAVE is a large player in the crypto DeFi space, enabling lending, borrowing and swapping of crypto tokens, usually on Ethereum. It has become well known for a liquidity pool model and enabling flash loans (which enable a borrower to borrow and repay crypto within the same transaction). Users can access the Aave protocol either through direct smart contract interactions or through open source front ends, the most popular of which is operated by Aave Labs. This week, an as-y
Mar 134 min read
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