I love AAVE. It’s been my prime DEFI platform for a while. What’s awesome is you can not only swap your collateral, but you can also swap your loaned funds, thus giving you the ability to short off the loan!
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Oh, damn! Those features sound smart, wish to see those kinda options on the lending/borrowing platforms I'm using. Very smart. 👌
Tbh, I never got on the Aave train, maybe cos it was first Eth mainnet only and fees scared me away at that time. Then came the other platforms.
That being said, I feel oddly proud that Aave was created by a Finnish guy and has grown so big over time. Maybe that's some sort of a "small country syndrome" 😅, we always celebrating when one of us makes it in the big world.
Still, not many mentions in the crypto hating mainstream media...
Yeah, I started using it when they opened up to Polygon and BSC. I use it primarily on Polygon for the cheap gas and the easy out from Tribaldex from Hive to POL.
Cool, need to take closer look. Maybe a good place to park stablecoins at some point.
Yeah, that's what I do. I park stables and WBTC as collateral, loan USDC, go trade day trade perps, then keep adding the profits to the collateral and swing short the loan.
Nice play! Doing something similar on HyperEVM protocols, but not using leverage. Been staying off it for the summer. Just don't have the time, but could start with perps soon again now that I rage quit Splinterlands 😅
That seems to be a thing lately, lol. I sold off all my cards a couple of months ago, or really burned them all and put those funds into Aave, lol. It's basically where my Hive power downs are going too.
Burned? That's a big move, but at least it's quick solution. Are you buying or planning on buying LEO?