Today, let’s take a dive into one of my personal favorite DEFI gems, Aave.
Beginning in November 2017, Aave was the very first decentralized financial protocol that enabled a user to borrow or lend cryptocurrency.
Aave allows users to earn interest on their crypto deposit into liquidity pools. These pools enable borrowers to obtain instantaneous loans, using their own crypto as collateral. Forget the middleman!
Presently, AAVE supports a variety of crypto currencies that can be utilized. These crypto currencies include;
Augur, Basic Attention Token, Binance Coin, Chainlink, DAI, Decentraland, Ethereum, EthLend, Kyber Network, Maker, OX, Synthetic Network, Tether, True USD, USD Coin, Wrapped Bitcoin
In 2021, Aave has hit the ground running and looks to be off to a new all time highs.
The brilliance of Aave is that it allows your money to work for you, in ways that average bank account holders only dreamt of. Aave allows average users access to gains that make average bank account returns seem laughable.
Additionally, it cuts out the nonsense and the middleman. Let’s be honest, no one likes the dork in the suit, pinnypenching our breadcrumbs into oblivion.
As the awareness of the global financial situation grows I believe we will witness a continued shift in focus to bring gems like Aave to the forefront of discussion.
Full disclosure; I am investing heavily in Aave this year - but don’t take my word for it. Do your research, your vetting and let me know if you feel Aave will continue its domination in 2021.
love you all to the moon and back - where our coins are hopefully headed 👍🏼