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- Aave
How to register?
Aave (formerly EthLend) is a DeFi platform that offers crypto savings accounts and crypto loans. Like most other DeFi platforms, Aave is more suited for experienced crypto investors that have a deep understanding of the asset class.
Savings Accounts
17
Collateral
17
Loans
Clarity of interest policies
Jurisdictions
200+
Languages
EN + 4
CeFi/DeFi
DeFi
Business Accounts
Pros
-
As KYC is not necessary, there is no onboarding and the app can be used immediately
Account Opening
-
Interest is accrued and compounded in real-time
Compound interest
-
Aave does not have a tier system. Accordingly, both savers with a low investment amount (Shrimp) and savers with a high investment amount (Whale) receive the same interest rate.
Savings Accounts
-
Borrowers can choose between variable and fixed interest rates
Base Rate (loans)
-
Interest rates are calculated transparently based on risk and utilization rate
Base Rate
-
There is no maximum or minimum loan amount
Crypto-loans
-
There is no maximum or minimum deposit
Savings accounts
-
There are no withdrawal limits
Withdrawal Limits
-
Aave offers the flash loan functionality, but there is little experience with these kind of loans
Crypto-loans
All pros
Cons
-
The app is not easy to use for noCoiners but more tailored to experienced crypto users
Look & Feel
-
Interest rates fluctuate significantly, making it more difficult to plan ahead
Base Rate
-
Aave users can only use Ethereum-based cryptocurrencies
Currencies
-
The protocol includes a liquidation penalty of 5% if a loan is liquidated
Fees
-
Die Zinsen unterscheiden sich abhängig davon ob man Aave Protokoll Vs.1 oder Vs. 2 wählt. Das kann verwirrend sein
Nachvollziehbarkeit der Zinsen
-
Aave users don't get a margin call but have to keep an eye on their LTV ("health factor") by themselves
Loan Liquidation
-
Aave is only available on desktop
Mobile App
All cons
The interest rates at Aave
-
Earn Interest
-
Borrow Money
|
BAT |
BUSD |
DAI |
ETH |
KNC |
AAVE |
LINK |
MANA |
MKR |
REP |
SNX |
SUSD |
TUSD |
USDC |
USDT |
WBTC |
ZRX | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Basic Max | 0.1% | 1% | 1.2% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 1.6% | 2.9% | 5.3% | 0% | 0% | 0% |
| 0.1 - 1.3% 0.1 - 1.3% | 1 - 9.3% | 0.4 - 12% | 0 - 8% | 0 - 0.7% | 0 - 6.4% | 0 - 7% | 0 - 3% | 0 - 3% | 0% | 0 - 18.6% | 1.6% | 2.9 - 12% | 0.4 - 12% | 0 - 12% | 0% | 0 - 0.7% |
How to earn the highest interest rates with Aave
There is no difference between base and maximum interest rate, as the Aave lending rates depend on supply and demand.
All information is unofficial and subject to change.
Did you find outdated information? Write us a message.
|
BAT |
BUSD |
DAI |
ETH |
KNC |
AAVE |
LINK |
MANA |
MKR |
REP |
SNX |
SUSD |
TUSD |
USDC |
USDT |
WBTC |
ZRX | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Basic Min | 0.1% 0.1% | 2.8% 2.8% | 2.6% 2.6% | 0.5% 0.5% | 0.2% 0.2% | 0.6% 0.6% | 0.1% 0.1% | 0.6% 0.6% | 0% 0% | 0.5% 0.5% | 3% 3% | 3.4% 3.4% | 4.3% 4.3% | 7.3% 7.3% | 1% 1% | 0.1% 0.1% | 0.3% 0.3% |
| Basic Min | 0.5% 0.1% | 1.9% 1% | 8.3% 0% | 9.4% 0% | 0.6% 0.2% | 0.6% 0.6% | 5% 0% | 5.2% 0% | 0% 0% | 0.5% 0.5% | 2% 1% | 3.4% 3.4% | 9.1% 0% | 10.1% 0% | 8% 0% | 0.1% 0.1% | 3.6% 0.3% |
How to get the cheapest crypto loan with Aave
There is no difference between base and minimum interest rate, as Aave lending rates depend on supply and demand. Borrowers can choose either a fixed or a variable interest rate. However, rates can differ depending on the user selecting Aave protocol vs. 1 or vs. 2.
All information is unofficial and subject to change.
Did you find outdated information? Write us a message.
For Expert-Lenders
Aave is a DeFi platform, which has advantages and disadvantages. It's great that Aave calculates interest rates in real-time and the team behind the platform makes a legit impression in interviews and on events. For those who are interested in DeFi lending, Aave is well-worth observing, especially their work in the area of crypto flash loans.
Aave in the CryptoStudio-Check
-
Overview
-
Savings Accounts
-
Crypto Loans
-
Security
-
User Experience
-
Business Review
Overview
Platform Score
based on 5 categories
Savings Accounts
based on 9 criteria
Crypto-Loans
based on 10 criteria
Security
based on 8 criteria
User Experience
based on 13 criteria
Business Review
based on 5 criteria
Pros
As KYC is not necessary, there is no onboarding and the app can be used immediately
Account Opening
Interest is accrued and compounded in real-time
Compound interest
Aave does not have a tier system. Accordingly, both savers with a low investment amount (Shrimp) and savers with a high investment amount (Whale) receive the same interest rate.
Savings Accounts
Borrowers can choose between variable and fixed interest rates
Base Rate (loans)
Interest rates are calculated transparently based on risk and utilization rate
Base Rate
There is no maximum or minimum loan amount
Crypto-loans
There is no maximum or minimum deposit
Savings accounts
There are no withdrawal limits
Withdrawal Limits
Aave offers the flash loan functionality, but there is little experience with these kind of loans
Crypto-loans
Cons
The app is not easy to use for noCoiners but more tailored to experienced crypto users
Look & Feel
Interest rates fluctuate significantly, making it more difficult to plan ahead
Base Rate
Aave users can only use Ethereum-based cryptocurrencies
Currencies
The protocol includes a liquidation penalty of 5% if a loan is liquidated
Fees
Die Zinsen unterscheiden sich abhängig davon ob man Aave Protokoll Vs.1 oder Vs. 2 wählt. Das kann verwirrend sein
Nachvollziehbarkeit der Zinsen
Aave users don't get a margin call but have to keep an eye on their LTV ("health factor") by themselves
Loan Liquidation
Aave is only available on desktop
Mobile App
Savings Accounts
Rating:
Currencies:
17: BAT, BUSD, DAI, ETH, KNC, AAVE, LINK, MANA, MKR, REP, SNX, SUSD, TUSD, USDC, USDT, WBTC, ZRX
Shrimp:
All investors receive the same interest regardless of the amount invested, so there is no distinction between Shrimps and Whales. Aave pays an interest of 0% on BTC, 0% on ETH, 0% on USDT.
Whales:
All investors receive the same interest regardless of the amount invested, so there is no distinction between Shrimps and Whales. Aave pays an interest of 0% on BTC, 0% on ETH, 0% on USDT.
Options to earn higher rates:
There are no options to increase the interest rate at Aave
Lock-up Periods:
Flexible
Minimum Deposit:
No minimum deposit
Withdrawal Limits:
Unlimited
Currency of Interest Payments:
"In-kind" (same currency as deposit currency)
Did you find outdated information? Write us a message.
Crypto Loans
Rating:
Maturity:
There is no maturity date, the loan works like a credit line
Minimum Loan:
No minimum
Maximum Loan:
No maximum
Loan currency:
Crypto
Accepted Collateral:
17
Loan Liquidation:
The liquidation threshold depends on the loan currency, usually, it's around 80%. There are no margin calls and Aave charges a liquidation fee of around 5%
Stress Test:
As a DeFi platform, Aave's liquidation procedures are purely smart contract-based, meaning there are no human employees who can step in during situations like in March 2020. That said, Aave's liquidation procedures worked well during the flash crash
Base Rate:
Stable and variable rates, which vary widely depending on the collateral currency. WBTC-secured loans currently cost [variable borrow_rate WBTC] and ETH-secured loans cost 0.46%
Minimum Interest:
There is no difference between base and minumum rates. Borrowers can choose between a stable and variable rate
Loan to Value Ratio:
Depending on the currency of the collateral
Did you find outdated information? Write us a message.
Security
Rating:
Withdrawal Speed:
Unlimited
Regulations:
As Aave is a DeFi platform it is not regulated
Team Transparency:
The founder makes public presentations and is visible at conferences. The website mentions the team members but without surnames or contact details
Crypto-Custody:
No third-party custody service, the user is responsible for custody
Security Settings:
Aave does not offer a wallet, meaning users are mostly responsible for their own security. Depending on the user's level of experience, that can be an advantage or a disadvantage
Terms & Conditions:
As Aave is a DeFi platform, it does not have any legally binding terms and conditions
Transparency:
There is comprehensive documentation available on Github, AuM and the number of users are transparent
Security Hacks:
There are no reports about any successful security hacks
Did you find outdated information? Write us a message.
User Experience
Rating:
Account Opening:
No registration needed
Business Accounts:
Yes
Mobile App:
No app available
Desktop App:
Yes
Wallet address book:
Yes
Reporting:
Aave does not offer any reporting functionalities. Users can use third-party apps to generate their own reports
Coin-Reporting:
Aave provides a reporting in the respective cryptocurrency and in US dollar
Look & Feel:
Feature-rich, but confusing for crypto lending beginners
Customer Service:
There is no customer support
Clarity of interest policies:
Aave's interest rates are transparent
Countries:
200+
Fees:
There are transaction fees for Ethereum blockchain usage and liquidation fees if loans are liquidated
Languages:
EN + 4
Did you find outdated information? Write us a message.
Business Review
Rating:
Financing:
Aave (ETHlend at the time) raised $16 milllion with an ICO in 2017
CEO Track Record:
Founder Stani Kulechov has had almost no management or entrepreneurial experience before launching Aave. As Aave is a DeFi platform, his function is not comparable to a CEO of a private company but more to a community organizer
Assets under Management:
10.6bn USD assets locked on the protocol, this figure is publicly available (as of May 2022)
User Base:
The user number is unknown, but the Aave protocol itself has 110,469 token holders (as of Mai 2022)
Community Interaction:
Participates in the public discussion online. As Aave is a DeFi platform, there is not much focus on engaging with the end-user
Did you find outdated information? Write us a message.
Aave Look & Feel
As Aave is a DeFi platform, there is no KYC and registration, there is no wallet administration, and no customer support. The user interface can be confusing for inexperienced crypto users and the app is only available on desktop.
Registration process
Registering with Aave is easy and straightforward and takes only a few minutes.
Step 1
Aave is only available on desktop, there is no Android (APK) or iPhone (iOS) mobile app to download. Go to www.aave.com and click "Enter app."
Step 2
Choose your wallet to connect with Aave's DeFi protocol.
Step 3
You can also connect with Aave through Metamask.
Step 4
The green dot in the upper right corner confirms that your wallet is connected with Aave. Be aware that there are two protocols, Aave V1 and Aave V2, which offer different rates.
All information is unofficial and subject to change. Links marked with an asterisk (*) may be affiliate links
