AAVE
Aave is an open-source liquidity protocol that enables users to lend, borrow, and earn interest with their digital assets.
Last updated
Aave is an open-source liquidity protocol that enables users to lend, borrow, and earn interest with their digital assets.
Last updated
Go to aave.com website.
Connect your wallet.
Click “Swap” next to your wallet tab.
In the new window, select the chain, tokens you want to swap, and quantity.
Click “Swap” to confirm.
In the dashboard page, select the chain on which you want to deposit your funds.
From the “Assets to supply” list, choose one and click the “Supply” button.
Choose the amount to add and confirm by clicking “Supply”.
After a successful deposit, you can find your assets in “Your supplies” in the dashboard.
Click the “Withdraw” button on your position details.
In the new window, add the amount to withdraw.
Click “Approve to continue” and confirm approval in your wallet.
Now you are able to click “Withdraw” and confirm.
Click on “Borrow” from available assets list to make a loan.
Set the quantity of selected token to borrow.
Click “Approve”, and after confirmation in your wallet, click “Borrow ETH”.
To repay your loan, find in “Your borrows” position you want to repay.
Click “Repay” button.
In the next screen, choose amount to repay and click “Repay” button.
Confirm in your wallet.
AAVE and ABPT tokens can be staked on the protocol for extra rewards and to add more security to the protocol.
AAVE token-holders can vote on proposals or delegate by checking governance tab for more info.
