Aave V2 — a non-custody decentralized money market protocol, where users can participate as savers or borrowers. Investors provide liquidity to the market in order to earn passive income, while borrowers can borrow in excess (permanent) or insufficient (one-block liquidity) form.
Contents:
Description of the Aave V2 project
The protocol has been verified and secured. Fully open source is present that allows any user to interact with the client UI, API or with smart contracts on the Ethereum network directly.
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.
Some features:
| 1 | The platform has 2 types of fees. 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 are charged 0.09% of the loan amount, of which 70% are redirected as additional income for the depositors of the protocol, and 30% are divided, according to the same model of 20% / 80% of the loan disbursement commission. |
| 3 | There are also transaction fees for using the Ethereum blockchain, which depend on the state of the network and the complexity of the transaction. |
You can withdraw your funds from the pool on demand, or export a tokenized (aTokens) version of your lender position. aTokens can be moved and traded like any other crypto asset on Ethereum. AAVE helps to vote and decide on the results of Aave Improvement Proposals (AIPs). In addition, AAVE can be delivered in the protocol security module to ensure the security / insurance of the protocol / depositors and earn stake rewards and fees from the protocol.
Additional information
There is no WhitePaper on the site, but there is an introductory document that provides basic information about the project, as well as answers to a number of popular questions. On the main page, you can also explore the various offerings of the market.
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