AAVE (AAVE)


AAVE is a decentralised financial protocol that allows people to deposit or borrow cryptocurrency. Depositors provide liquidity to the market and earn interest income by depositing digital assets. And borrowers can use their cryptocurrency as collateral to obtain quick loans. AAVE offers discounted fees to owners on the platform and being a token holder also means that you can participate in decisions on governance issues and future developments. Users can borrow or lend in around 20 crypto currencies, giving them more choice. One of AAVE's standout products is the so-called quick loan, which has been touted as the number one lending option in the DeFi space. Finally, another interesting feature is that through AAVE borrowers can choose between fixed and variable interest rates. While fixed rates offer some security during volatile periods, variable rates can come in handy if the borrower believes that rates will fall in the near future.