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%	2.6%	1.1%	0%	0%	0%	0%	0%	0%	0%	0%	0.5%	155%	5.5%	0%	0%	0%
	0.1 - 1.3% 0.1 - 1.3%	2.6 - 9.3%	0.4 - 12%	0 - 8%	0 - 0.7%	0 - 6.4%	0 - 7%	0 - 3%	0 - 3%	0%	0 - 18.6%	0.5%	7.1 - 155% 4 - 155%	0.4 - 12%	0 - 12%	0%	0 - 0.7%

Compare Interest Rates

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%	4.1% 4.1%	2.5% 2.5%	0.4% 0.4%	0.2% 0.2%	0.6% 0.6%	0.1% 0.1%	0.6% 0.6%	0.2% 0.2%	0.5% 0.5%	3% 3%	2.2% 2.2%	155% 155%	7.5% 7.5%	1% 1%	0.1% 0.1%	0.3% 0.3%
Basic Min	0.5% 0.1%	2.6% 1%	8.2% 0%	9.4% 0%	0.6% 0.2%	0.6% 0.6%	5% 0%	5.2% 0%	0.2% 0.2%	0.5% 0.5%	2% 1%	2.2% 2.2%	59.3% 0%	10.1% 0%	8% 0%	0.1% 0.1%	3.6% 0.3%

Compare Lending Rates

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)

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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 0.45%

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

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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

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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

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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

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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.

to the Website *

All information is unofficial and subject to change. Links marked with an asterisk (*) may be affiliate links

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