Aave Protocol — a non-custody, decentralized liquidity marketplace protocol, where users can participate as savers or borrowers. Investors provide liquidity to the market in order to receive passive income, while borrowers can borrow in excess (permanent) or insufficient (one-block liquidity) form.
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Description of the Aave Protocol project
The Aave protocol has been tested and secured. The protocol is completely open source that allows any user to interact with a user interface client, API, or directly with smart contracts on the Ethereum network.
To use the service, you simply deposit your preferred asset and amount. After making a deposit, you will receive passive income, based on market borrowing demand.Aave Protocol
In addition, asset escrow allows you to borrow loans, using your escrowed assets as collateral. Any interest you earn by investing helps to offset the interest rate you accumulate by borrowing.
The platform has 2 types of fees:
| 1. | When receiving a loan, borrowers are charged 0.00001% of the loan amount, of which 20% is used for referral integrators and 80% is allocated to the protocol fund. |
| 2. | Flash loans have a 0.09 |