Aave (AAVE) is now available on DeFi Swap. Users can swap AAVE, be AAVE Liquidity Providers to earn fees and boost their yield by up to 20x when staking CRO.
Aave is an open and non-custodial protocol based on ETH blockchain, where users can deposit and get interests, as well as borrow assets from money markets. Depositors provide liquidity by depositing cryptocurrencies into lending pools which will then allow them to earn interest. Meanwhile, borrowers can obtain loans by tapping into these lending pools in either an overcollateralized or undercollateralized way. The loans do not need to be individually matched. Instead, deposits into the pool and the amounts borrowed/collateral are used to make instant loans based on the pool’s state.
AAVE joins a growing list of tokens on DeFi Swap, such as NEST Protocol (NEST), REN (REN), UMA (UMA), Swerve (SWRV), Harvest Finance (FARM), Uniswap (UNI), Wrapped Bitcoin (WBTC), Yearn Finance (YFI), (Wrapped) Ether (WETH), Tether (USDT), USD Coin (USDC), Dai (DAI), Chainlink (LINK), Compound (COMP) and Crypto.com Coin (CRO).
Start swapping, farming and staking now.
Please see blog for more details about DeFi Swap.