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Aave (AAVE/USD)

As of the 6th of January 2021, cryptocurrency instruments will not be available to retail clients in the UK.

The Aave DeFi service is an open-source protocol without custodial use, which makes it possible to create monetary markets. Investors provide liquidity in the market to generate passive income, while borrowers can take loans with fixed or variable interest rates. The EthLend peer-to-peer network is based on the Ethereum blockchain, and the internal Aave cryptocurrency is used as a collateral asset.

AAVE's key features:

  • Instant deposits and withdrawals under a smart contract.
  • Multi-collateral loans: Users will be able to take out loans against several collateral assets simultaneously.
  • The ability to loan at a variable or fixed interest rate and switch between these two options at any time.

Opportunities for traders 

The Aave token started trading in December 2017. During the first cryptocurrency growth wave, its market capitalisation reached $356 million, and the token's value was $0.30. 

As a result of the second growth wave that started in December 2019, its market capitalisation reached $714 million, while its value growth is more than 3500% since its inception.

Its average intraday volatility is 14.2%.

How to buy and sell LENDUSD

You can buy and sell LENDUSD on specialised cryptocurrency exchanges. To trade it, it's better to use a broker and trading platforms. Such platforms include MetaTrader 4 or Libertex, where trades are easier to make, leverage can be used, and you can even earn if the cryptocurrency's value goes down.