How To Use Aave: A Step-by-step Guide

The DeFi market is becoming hotter than ever, especially with the recent incentive programs from multiple blockchains. The TVL (Total Value Locked) across all Dapps (Decentralized applications) is currently $83B, and Aave already impressively accounts for 15% of it. Moreover, compared to other top-notch lending protocols like Compound or MakerDAO, Aave is receiving the highest revenue. On a daily basis, Aave is earning about $2.34M, while Compound and MakerDAO are getting only $1M and $142K, respectively. In fact, the daily revenue of Aave is currently only behind Uniswap. How to use Aave? How to take advantage of Aave’s features and potentially earn profit? This article will give you clear answers for these questions. What is Aave? Aave is a liquidity-based Lending protocol. Originated as a decentralized peer-to-peer lending platform (ETHLend), Aave revamped to a pool-based one. Instead of forming a direct relationship between lenders and borrowers, Aave involves ...
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