Invest in AAVE on WiseBitcoin
WISEBITCOIN Exchange will reopen AAVE’s trading, deposit and withdrawal services at 14:00 on February 28.
Open deposit time: 14:00 on February 28 (Beijing time)
Open withdrawal time: February 28 at 14:00 (Beijing time)
Trading start time: February 28 at 14:00 (Beijing time)
Aave Protocol is a “decentralized and non-custodial open-source money market protocol”.
Savers earn interest by providing liquidity to loan pools, and borrowers can use this liquidity to take out overcollateralized loans.
Similar to other DeFi platforms (e.g. Compound, Fulcrum), Aave tokenizes deposits into tokens, which generate real-time interest.
The Aave protocol supports more than 15 different assets and offers multiple stablecoin options.
LEND tokens can be used for a fee reduction or for protocol-level governance to update smart contracts in the future.
LEND tokens are also burned from the fees collected by the Aave protocol.
Since January 2020, the Aave protocol has also provided a solution for under collateralization: flash loans allow developers to borrow easily right away without any collateral.
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Comment by jetonwhy
February 16, 2025
Anyone else finding it weird that Deriv only allows deposits through Jeton and not bank transfers? They’ve removed crypto too, so now it’s just cards and Jeton. Kinda frustratin...