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The discussion, initiated by CryptokinG, focused on the inability to use certain ERC-20 tokens, specifically Graph (GRT), as collateral on Aave. The conversation highlighted the need for these tokens to be whitelisted, emphasizing the importance of understanding the rules and regulations of decentralized finance platforms.
The discussion primarily revolved around the use of certain ERC-20 tokens, specifically Graph (GRT), as collateral on Aave. The topic was initiated by CryptokinG, an experienced trader and graph node runner, who questioned why these tokens, despite their significant role in the development of decentralized finance and dapps, can't be used as collateral1.
In response, Haave clarified that for these tokens to be used as collateral, they need to be whitelisted. They further directed CryptokinG to an asset listing proposal for more detailed information2. This exchange of information highlighted the procedural requirements for tokens to be accepted as collateral on Aave, providing valuable insight into the platform's operational guidelines.
In conclusion, the discussion underscored the importance of understanding the rules and regulations of decentralized finance platforms. It also emphasized the need for tokens to be whitelisted before they can be used as collateral, a point that was particularly relevant to ERC-20 tokens like Graph (GRT).
Posted 3 years ago
Last reply 3 years ago
Summary updated 2 months ago
Last updated 04/12 15:05