Dear BW users,
AAVE will launch on BW.com
Open deposit and withdrawal time: already opened
Open trading time: 2020.10.20 11:00 (UTC+8)
Open trading pair: AAVE/USDT
AAVE is an open-source decentralized lending protocol that provides deposit and loan services for users. The deposit interest rate and loan interest rate of users on both sides of the loan are calculated by an algorithm according to the amount of loan and deposit of the platform, and the platform uses chainlink's Oracle machine to ensure the fairness of collateral price.
Official website: https://aave.com/
Blockchain query address: https://etherscan.io/token/0x7fc66500c84a76ad7e9c93437bfc5ac33e2ddae9
According to Aave team, Aave has enabled contract migration from LEND token to AAVE token at the ratio of 100 LEND : 1 AVVE. The AAVE token holders can participate in Aave protocol governance based on their staking power.
Please note the AAVE supply will be 1/100 of that of LEND. The value of AAVE has become 100X higher relative to LEND. Please pay close attention to the price changes as AAVE trading opens.
For further information on the token swap, please refer to https://medium.com/aave/migration-and-staking-101-fe8fda3e2a30.