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Aave launches recursive ETH staking

Aave launches recursive ETH staking

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by dapp_writer005

3 years ago


Nowadays, Aave users have the opportunity to earn by staking ETH and continue to freely use this cryptocurrency. The fourth largest DeFi platform on the list was able to implement a recursive strategic plan to issue a loan, secured by stETH.

This platform has a Lido token, which users receive instead of the deposited ETH. ETH will be sent directly to the Eth2 deposit contract.

After that, users receive stETH. A number of crypto exchanges quietly accept it. The course of this coin is often less than ETH. The discrepancy is about 35% - 40%, according to the recent low of the year.

The Oasis application allows Ethereum holders to receive stETH and place a token as collateral for a recursive loan for 1 transaction. This will save commissions, and the % for staking will cover the share of borrowed %.

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