Aave AMA with Marc Zeller

We’re excited to announce our next AMA with a discussion with the Aave. We’re joined today by:

  • Marc Zeller

:books:Suggested reading for today’s AMA:

:eyes:BEFORE YOU ASK YOUR QUESTIONS, please read the rules below:

  • The Aave team will answer questions on September, 17th and it would be live-streamed at Defiprime youtube channel here. If you are here before then, please feel free to ask your questions in this thread.
  • Read existing questions before you post yours to ensure it hasn’t already been asked.
  • Like questions you think are particularly valuable.
  • Please only ask one question per comment. If you have multiple questions, use multiple comments.
  • Please refrain from answering questions.
  • Please stay on-topic. The off-topic discussion will be moderated.

:dollar:AMA Community Rewards - $300 :dollar:

  • :moneybag: Defiprime team would choose one best question and reward it with $100 USDC.
  • :moneybag: Aave team would choose 2 best questions and reward it with $100 aUSDC each.

Why should I liquidate a loan of someone else? And how?

Why is it better to hold an aToken, than the proper token it is backed in?

When borrowing, do you have to hold the borrowed coin on aave, or could you borrow eth and then send it to another wallet?

Can this Aave DeFi be reproduced on other blockchains?

Is the “liquidation” in the aave interface for me to cover someonelse debts and receive something in return?

What are the advantages to holding LEND token?

How is Aave coping with the vulnerability of the Eth platform based projects?

How secure is a user’s fund in the Aave protocol Platform?

Where are the collateral or funds stored or used by the Aave protocol?

Which area does Aave focus on at the moment and which products/projects are you developing to support it?

Aave is launching a new version of its protocol, the Aave V2. Could you highlight the main changes from the previous version?

Aave has introduced credit entrustment, so how to carry out credit authorization in AAVE?

What differentiates Aave from other DeFi offerings?

How to guarantee the repayment of credit loan?

Aave offers access to the “uniswap market” and provides a deposit APY figure, since you’re able to deposit a single crypto rather than 2 at a 50:50 split im guessing it’s slightly different to depositing at uniswap directly?

There is a gap between interest on savings and interest on loan. What happens to the remaining money?

How can Aave v2 help with the mass adoption of DeFi solutions?

Is the Aave DeFi solutions privacy-based?

What is the point of borrowing from AAVE if you can never borrow more than the collateral?