| NAME | CHAIN | PROTOCOL | APY | TVL |
|---|---|---|---|---|
| WETH-AAVE | ARB | uniswap-v3 | 1.37% | $18,513.00 |
| WETH-AAVE | MATIC | uniswap-v3 | 1.15% | $28,993.00 |
| AAVE-USDC | ARB | beefy | 1.00% | $19,242.00 |
| AAVE-WMATIC | MATIC | beefy | 0.91% | $56,365.00 |
| WETH-AAVE | OP | uniswap-v3 | 0.87% | $153,030.00 |
| WMATIC-AAVE | MATIC | uniswap-v3 | 0.86% | $227,897.00 |
| WETH-AAVE | POLYGON_ZKEVM | merkl | 0.78% | $21,050.00 |
| USDC-AAVE | MATIC | uniswap-v3 | 0.66% | $36,208.00 |
| AAVE-ETH | MATIC | beefy | 0.62% | $39,184.00 |
| WBTC-AAVE | OP | uniswap-v3 | 0.56% | $42,612.00 |
| AAVE-RUNE | ETH | thorchain | 0.54% | $168,070.00 |
| WETH-AAVE | MATIC | gamma | 0.53% | $93,677.00 |
| USDC-AAVE | ARB | merkl | 0.49% | $355,176.00 |
| AAVE-USDC | ARB | gmx-v2 | 0.33% | $3,086,756.00 |
| UNI-AAVE | ETH | uniswap-v3 | 0.25% | $2,758,754.00 |
| WETH-AAVE | POLYGON_ZKEVM | gamma | 0.13% | $16,722.00 |
| WETH-AAVE | MATIC | merkl | 0.13% | $129,439.00 |
| AAVE | ETH | ribbon | 0.10% | $137,795.00 |
| AAVE.E-WAVAX | AVAX | trader-joe-dex | 0.09% | $490,649.00 |
| WETH-AAVE | MATIC | quickswap-dex | 0.09% | $52,492.00 |
| WETH-AAVE | MATIC | sushiswap | 0.09% | $142,140.00 |
| AAVE-WETH | ETH | uniswap-v2 | 0.06% | $144,363.00 |
| AAVE-WETH | ARB | beefy | 0.06% | $33,220.00 |
| AAVE-WETH | ETH | sushiswap | 0.04% | $138,497.00 |
| DSTKAAVE | ETH | paladin-dullahan | 0.04% | $164,843.00 |
| AAVE | ETH | compound-v2 | 0.04% | $126,863.00 |
| USDC-LINK-WETH-BAL-AAVE | MATIC | balancer-v2 | 0.04% | $82,875.00 |
| AAVE-WETH | ETH | uniswap-v3 | 0.03% | $77,548.00 |
| LINK-WETH-BAL-AAVE | MATIC | balancer-v2 | 0.03% | $56,558.00 |
| WSTETH-AAVE | ETH | balancer-v2 | 0.01% | $139,826,498.00 |
| AAVE | ETH | fraxlend | 0.01% | $46,396.00 |
| AAVE | BNB | venus-core-pool | 0.00% | $1,310,422.00 |
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AAVE yield farming is more than just a trend; it's a strategic move to maximize gains. By participating in AAVE-based decentralized finance (DeFi) protocols, you provide liquidity and receive attractive yields. Nimbus takes the complexity out of the process, guiding you to the most rewarding opportunities within the AAVE ecosystem.
Aave is a decentralized finance protocol that allows people to lend and borrow crypto. Lenders earn interest by depositing digital assets into specially created liquidity pools. Borrowers can then use their crypto as collateral to take out a flash loan using this liquidity. Aave (which means “ghost” in Finnish) was originally known as ETHLend when it launched in November 2017, but the rebranding to Aave happened in September 2018. (This helps explain why this token’s ticker is so different from its name!) AAVE provides holders with discounted fees on the platform, and it also serves as a governance token — giving owners a say in the future development of the protocol.
Aave, and its predecessor ETHLend, were founded by Stani Kulechov. At the time, he was frustrated at the lack of lending applications on Ethereum — and his project was built before decentralized finance even existed. Kulechov is a serial entrepreneur who went to law school and began programming when he was a teenager. He was an early adopter in the blockchain space. The CEO has said that he wanted to rebrand ETHLend as Aave so the company could offer a wider range of services beyond Ether lending. According to Kulechov, Aave’s main target market are people who are already engaged in the cryptocurrency community.
Aave has several unique selling points when compared with competitors in an increasingly crowded market. During the DeFi craze in the summer of 2020, it was one of the biggest projects in terms of the total value of crypto locked in its protocol. The project allows people to borrow and lend in about 20 cryptocurrencies, meaning that users have a greater amount of choice. One of Aave’s flagship products are “flash loans,” which have been billed as the first uncollateralized loan option in the DeFi space. There’s a catch: they must be paid back within the same transaction. Another big selling point is how those who borrow through Aave can alternate between fixed and variable interest rates. While fixed rates can provide some certainty about costs during times of volatility in the crypto markets, variable rates can come in handy if the borrower thinks that prices will fall in the near future. Find out more about Compound (COMP) here Discover how Maker (MKR) tokens work Learn about cryptocurrencies with CMC Alexandria CoinMarketCap Blog: The latest news and features
Circulation is linked to the total value locked on Aave, as tokens are burned whenever the protocol gathers fees. An initial coin offering was held in November 2017, where $16.2 million was raised by selling one billion AAVE tokens at a rate equivalent to $0.0162 a piece. At the time, 23% of AAVE tokens were assigned to its founders and project. AAVE tokens have been built based on the ERC-20 standard, and they are designed to be deflationary. In the event of a shortfall in the DeFi protocol, staked tokens would be used as collateral as a last resort. In July 2020, Aave unveiled plans to hold a token swap. This means that the 1.3 billion AAVE tokens in circulation would be swapped for the newly minted AAVE cryptocurrency at a ratio of 1:100, creating a total supply of 16 million AAVE. (Three million of this would be held in reserve.)
Aave’s open-source protocol is built on Ethereum, a blockchain that is currently making the transition from Proof-of-Work to Proof-of-Stake.
Some of the biggest exchanges that list AAVE tokens include CoinDCX, Binance, CoinBene and OKEx. You can find out more about how to convert fiat into crypto here.
Blockchain is a decentralized and distributed ledger technology that securely records transactions across multiple computers in a verifiable and permanent way. It forms the underlying technology for cryptocurrencies like Bitcoin and enables transparency, security, and immutability.
Cryptocurrency is a digital or virtual form of currency that uses cryptography for security. It operates on decentralized networks, typically based on blockchain technology, and facilitates secure and transparent peer-to-peer transactions.
Bitcoin is the first and most well-known cryptocurrency, created in 2009 by an anonymous person or group known as Satoshi Nakamoto. It operates on a decentralized peer-to-peer network and is used for secure, transparent, and censorship-resistant transactions.
Bitcoin is the original and most widely recognized cryptocurrency, while altcoins refer to any other cryptocurrencies besides Bitcoin. Examples of altcoins include Ethereum, Ripple (XRP), Litecoin (LTC), and many others.
Staking involves participants locking up a certain amount of cryptocurrency in a wallet to support the operations of a blockchain network. It is commonly associated with proof-of-stake (PoS) and delegated proof-of-stake (DPoS) consensus mechanisms, where participants receive rewards for helping secure the network.
To stake cryptocurrency, you typically need to choose a platform or network that supports staking. Transfer your tokens to a compatible wallet, follow the staking instructions provided by the platform, and lock up the desired amount of cryptocurrency. Once staked, you may start earning rewards.
Staking rewards are incentives provided to participants who lock up their cryptocurrency to support the network. The amount of rewards varies and is influenced by factors such as the network's inflation rate, the total amount staked, and the specific rules of the staking protocol.
The ability to unstake and withdraw your cryptocurrency depends on the specific staking protocol and network. Some platforms may have lock-up periods or unbonding periods during which your staked tokens are inaccessible. Always check the terms and conditions of the staking service.
Staking comes with risks, including the potential loss of staked funds if a participant behaves maliciously or fails to fulfill their responsibilities. Market volatility can also impact the value of staked tokens. It's crucial to thoroughly research the staking protocol and understand the associated risks.
While staking is designed to be a rewarding activity, there is a risk of losing money, especially if the value of the staked cryptocurrency decreases or if the staking protocol encounters security issues. It's important to consider both the potential rewards and risks before participating in staking.
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