Except if you're blind or if you completely ignore the social networks and the evolution of the cryptocurrency market, you must have heard about $AAVE.
A nice DeFi protocol
AAVE is basically a decentralized lending platform. On its protocol, you can lend, of course, but borrow as well. It has many crypto-actives including several stablecoins. The native name of this protocol was "ETHLend" and was mainly focused on the Peer to Peer borrowing. The society which created it wanted to underline the switch to a liquidity pool protocol by changing its name to "AAVE".
"Aave" is a Finn word which means "ghost" due to the transparency of the platform.
You can deposit your crypto on it using a Metamask wallet or any wallet that supports ERC20 tokens.
A graph chart carried by the DeFi craze
14 000 % in 1 year.
Do I need to repeat ?
14 000 % IN 1 YEAR
This is abnormally high of course, but the craziest thing is that it is still grinding and grinding. The wave of the DeFi is pushing the limits of the bull market and doesn't seem to want to stop climbing and climbing.
Market cap : 5 billion $
And now ? In my opinion, Aave is a pure protocol which will be used a lot in the future. However, and it is not an investment advise, There is probably a huge FOMO happening and if some whales take their profit, you could be a short term loser.
And you, what do you think about this beautiful DeFi project ?
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