Aave Could it be in the top 10

Aave: Top DeFi Play in 2021? Why It’s on My RADAR!!

By Guy

👨‍🏫Aave Recap👨‍🏫

Aave is a decentralized cryptocurrency lending and borrowing platform built on the Ethereum blockchain. Aave currently offers borrowing and lending for 22 different ERC-20 tokens including USDT, USDC, ETH, and LINK. Lenders can deposit any one of these ERC-20 tokens on Aave and earn interest on those funds. The interest lenders earn comes from the interest being paid by borrowers who are borrowing that ERC-20 token.

💸Aavenomics💸

The Aavenomics sought to completely redesign Aave’s ecosystem and economic incentives to prioritize the protocol’s security, sustainability, and growth. The first Aavenomics change the migration and redenomination of their token from LEND to AAVE at a rate of 100 to 1. The second Aavenomics change was the introduction of AAVE staking which launched on the same day that the LEND migration began. Staking rewards on AAVE are about 4.5% per year. The third Aavenomics change was the introduction of a governance mechanism. AAVE token holders can now change various protocol and governance parameters.

📰Aave Updates📰

Aave is in the process of receiving the necessary licenses they need to make it possible for users to buy assets in Aave directly using fiat. Aave received the first of these licenses in July from the UK Financial Conduct Authority. Aave also received over 25 million dollars in funding from various venture capital firms in October 2020. According to Aave founder Stani Kulechov, the purpose of those funds is to bring in more institutions and expand Aave’s operations into Asia.

💱Aave V2💱

Aave V2 introduced 4 new features to Aave. The first feature is collateral swaps for borrowed ERC-20 tokens. The second is debt repayment with collateral (previously you needed to repay with the ERC-20 token you borrowed). The third feature is debt tokenization, which gives borrowers debt accruing aTokens that can be freely traded. These are useful for Aave V2’s fourth feature: native credit delegation. This is where users can create custom loan contracts using interest bearing aTokens and debt accruing aTokens with third parties.

🤑AAVE 2021 Potential🤑

Aave has incredibly robust tokenomics compared to other DeFi tokens. Most of AAVE’s circulating supply is in the hands of the community. AAVE has a supply of just 16 million tokens, and an inflation rate of about 1.2% per year. AAVE also has utility as a governance token for one of the largest and most innovative DeFi protocols.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

📜 Disclaimer 📜

The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.

Latest videos

Crypto Report You Can't MISS!! Here's What It Says
Crypto Report You Can’t MISS!! Here’s What It Says
Crypto Report You Can't MISS!! Here's What It Says

Crypto Report You Can’t MISS!! Here’s What It Says

August 11, 2022 2 min read
China vs US and Taiwan A Real RISK What This War Game Tells us
China vs. US & Taiwan: A Real RISK?! What This War Game Tells Us!!
China vs US and Taiwan A Real RISK What This War Game Tells us

China vs. US & Taiwan: A Real RISK?! What This War Game Tells Us!!

August 9, 2022 2 min read
Crypto News ETH Forks SOL FLOW Hacks Conflict
Crypto News: ETH Forks, SOL, FLOW, Hacks, Conflict & MORE!
Crypto News ETH Forks SOL FLOW Hacks Conflict

Crypto News: ETH Forks, SOL, FLOW, Hacks, Conflict & MORE!

August 8, 2022 2 min read
cryptocurrencies sec will target
Cryptocurrencies The SEC Will Target: Here Are The Clues!!
cryptocurrencies sec will target

Cryptocurrencies The SEC Will Target: Here Are The Clues!!

August 7, 2022 2 min read
Polygon MATIC Still Worth It
Polygon: MATIC Still Worth It? Here’s What You NEED To KNOW!
Polygon MATIC Still Worth It

Polygon: MATIC Still Worth It? Here’s What You NEED To KNOW!

August 4, 2022 2 min read
How To Beat Inflation TOP Tips To Get Ahead of The Curve
How To Beat Inflation: TOP Tips To Get Ahead of The Curve!
How To Beat Inflation TOP Tips To Get Ahead of The Curve

How To Beat Inflation: TOP Tips To Get Ahead of The Curve!

August 3, 2022 2 min read
Recession Is Official What's Going On With The Economy
Recession: Is it Official?! What’s Going On With The Economy?!
Recession Is Official What's Going On With The Economy

Recession: Is it Official?! What’s Going On With The Economy?!

August 2, 2022 2 min read

Related videos

Crypto Report You Can't MISS!! Here's What It Says
Crypto Report You Can’t MISS!! Here’s What It Says
Crypto Report You Can't MISS!! Here's What It Says

Crypto Report You Can’t MISS!! Here’s What It Says

August 11, 2022 2 min read
China vs US and Taiwan A Real RISK What This War Game Tells us
China vs. US & Taiwan: A Real RISK?! What This War Game Tells Us!!
China vs US and Taiwan A Real RISK What This War Game Tells us

China vs. US & Taiwan: A Real RISK?! What This War Game Tells Us!!

August 9, 2022 2 min read
Crypto News ETH Forks SOL FLOW Hacks Conflict
Crypto News: ETH Forks, SOL, FLOW, Hacks, Conflict & MORE!
Crypto News ETH Forks SOL FLOW Hacks Conflict

Crypto News: ETH Forks, SOL, FLOW, Hacks, Conflict & MORE!

August 8, 2022 2 min read
cryptocurrencies sec will target
Cryptocurrencies The SEC Will Target: Here Are The Clues!!
cryptocurrencies sec will target

Cryptocurrencies The SEC Will Target: Here Are The Clues!!

August 7, 2022 2 min read
Polygon MATIC Still Worth It
Polygon: MATIC Still Worth It? Here’s What You NEED To KNOW!
Polygon MATIC Still Worth It

Polygon: MATIC Still Worth It? Here’s What You NEED To KNOW!

August 4, 2022 2 min read
How To Beat Inflation TOP Tips To Get Ahead of The Curve
How To Beat Inflation: TOP Tips To Get Ahead of The Curve!
How To Beat Inflation TOP Tips To Get Ahead of The Curve

How To Beat Inflation: TOP Tips To Get Ahead of The Curve!

August 3, 2022 2 min read
Crypto News: ETH Merge, SOL, BTC, SEC Lawsuit, Macro & More!!
Crypto News: ETH Merge, SOL, BTC, SEC Lawsuit, Macro & More!!
Crypto News: ETH Merge, SOL, BTC, SEC Lawsuit, Macro & More!!

Crypto News: ETH Merge, SOL, BTC, SEC Lawsuit, Macro & More!!

August 1, 2022 2 min read