Borrowing against "a" tokens

1 replies, 1506 views, 0 likes



The discussion focused on the use of defi protocols for borrowing against "a" tokens like aWETH, with Adamb clarifying that AAVE is the designated platform for this purpose, making aTokens non-transferrable once loans are taken. Thus, AAVE's role in the defi protocol ecosystem, especially for "a" token transactions, was highlighted.

The discussion primarily revolved around the functionality of defi protocols, specifically in relation to borrowing against "a" tokens such as aWETH. The query was initially raised by Prankstr25, who sought to understand if there were any existing markets that facilitated such transactions.

In response, Adamb provided a comprehensive explanation, stating that AAVE is the defi protocol designed for this purpose. He further elaborated that once loans are taken out on AAVE, the aTokens become non-transferrable, thus addressing the initial query in a succinct manner 1,2.

In conclusion, the discussion served to clarify the role of AAVE in the defi protocol ecosystem, particularly in relation to the borrowing against "a" tokens. The information provided by Adamb was instrumental in shedding light on this topic, and it was established that AAVE is the go-to platform for such transactions.

Posted 2 years ago

Last reply 2 years ago

Summary updated 2 months ago

Last updated 05/12 01:14