Aave — a decentralized non-custodial liquidity marketplace protocol, where users can participate as savers or borrowers. Depositors provide the market with liquidity to generate passive income, while borrowers can borrow with excess collateral (indefinitely) or with insufficient collateral (liquidity in one block).
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Description of the Aave site
The Aave protocol has been tested and secured. The protocol is completely open source, allowing anyone to interact with a user interface client, API or directly with smart contracts on the Ethereum or Avalanche network. Open source means you can create any third party service or defi app to interact with the protocol and improve your product. To use it to interact with the Aave protocol, you just deposit your desired asset and amount.
In addition, asset escrow allows you to borrow, using the deposited assets as collateral. Any interest you earn by investing helps to offset the interest rate you accumulate through loans. Interfacing with the protocol requires transactions and hence blockchain fees, which depend on the status of the network and the complexity of the transaction.
AAVE token:
| 1 | AAVE is used as the center of gravity of the Aave protocol control. |
| 2 | AAVE is used to vote and decide on the outcome of Aave Improvement Proposals (AIP). |
| 3 | Apart from this, AAVE can be placed in the protocol security module to ensure the security / insurance of the protocol / depositors. Stakers receive staking rewards and protocol commissions. |
Go to the "Deposit" section and click "Deposit" for the asset you want to deposit. Select the amount you want to deposit and submit the transaction. After confirming the transaction, your deposit will be successfully registered and you will start earning interest.
More about the decentralized exchange
The site contains an introductory section.It contains general information, answers to questions and much more. RoadMap is not available now.
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Subscribe to stay up to date with all news. The site interface runs in English. Your funds are in a smart contract. The smart contract code is publicly available and open source, formally audited and verified by third-party auditors. You can withdraw your funds from the pool on demand or export a tokenized (aTokens) version of your lender position.