Announcement on AOFEX Supporting Replacement of LEND Smart Contract with AAVE

Dear Users,

AOFEX will support the replacement of LEND (AAVE protocol) smart contract with AAVE (AAVE protocol). At present, AOFEX has opened LEND transaction. In order to protect the interests of the LEND users, AOFEX will support the replacement of smart contracts.

In order to avoid the impact of price changes caused by smart contract replacement on normal C2C transactions, the specific times are as follows:

• At 12:00 (GMT + 8), October 11, 2020, the deposit and withdrawal of AAVE will be suspended and replace LEND smart contract with AAVE . Please complete the deposit in advance and AOFEX will solve any potential technical problems.
• At 14:00 (GMT + 8), October 11, 2020, AOFEX will stop AAVE/AQ trading pair and all orders in the market will be suspended
• At 18:00 (GMT + 8), October 11, 2020, the system will snapshot user's position, and replace LEND with AAVE according to the proportion of 100 LEND = 1 AAVE, users will gain new AAVE assets, which can be checked in User center- Account assets.
• At 12:00 (GMT+8), October 15, 2020, AOFEX will open AAVE/AQ, AAVE/USDT tradings, and open the deposit and withdrawal of AAVE.

Please note: the following contents are abstracted from the existing information on the Internet at the time of the announcement, which is for reference only. AOFEX has made a closer effort to check that, but there may be information out of date, error or omission.

AAVE (Aave) Introduction：

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 are calculated by algorithm according to the amount of loan and deposit of the platform, and the platform uses Chainlink's Oracle to ensure the fairness of collateral price.

Distribution date:  September 25, 2020

Total Distribution：16,000,000

Total Circulation：/

More details: AAVE（Aave）

Warm Prompt:

Digital asset is a high-risk investment product featuring by wild fluctuation, round the clock trading and so on. We highly recommend that users involve and invest very carefully after understanding the rules and risks. It is highly necessary to be aware of the risks by considering the experience and tolerance.

Thanks for your support!

AOFEX Team

October 9