Aave*

The main functions of Aave.

To access the page, enter:
Login: demo
Password: demo
Aave

The following financial instruments are implemented on the exchange:

  • deposit and loan market;
  • Aave Swap exchanger;

Install MetaMask

To use all the functions of the exchange, you need to connect a metamask¬† wallet. To do this, open a decentralized application (dApp) Aave. Find the button “Connect“>” in the upper right corner and click on it.

A window will appear in which we select the network and the wallet. The account will be created automatically after connection.

To use the exchanger, get credit or start stacking AAVE, you need to make the first deposit. To do this, go to the section of the same name.

Choose one of the pools. For convenience, you can filter the list by annual percentage rate (APY). Below is the effective annual percentage rate (APR), calculated for the last 30 days. We transfer funds from the wallet to the pool and wait for confirmation of the transaction. In the field “Your wallet balance” the size of your deposit will be displayed.

After making a deposit you’ll get access to all Aave financial instruments.

Deposit and credit market.

Open the “Markets” section. Here you can see all the available deposit and credit pools. On the left you can select the currency in which the pool volume will be reflected (native AAVE token or U.S. dollars). On the right is the interface to switch networks AAVE v2.

In the AAVE v2 network, you can trade assets that are pledged as well as refinance current loans.

The list provides basic information about the pool: the number of frozen funds, the annual rate of deposit (Deposit) and loan (Borrow). The remuneration of the depositor consists of two parts: a share of the interest payments, as well as a commission for the use of term loans of 0.09% of the loan.

Note: The loan amount cannot exceed the current pledge (deposit). The ratio of collateral to loan changes the “health coefficient” – the level of solvency of the client. If the health coefficient falls below 1, liquidation will occur – writing off 50% of the collateral against the loan (the amount owed will also decrease by 50%).

* No partnership has been formed, nor endorsement received, from Aave. We are simply migrating the open source code to our protocol.