BTSE is delighted to welcome AAVE token to its platform, part of BTSE’s commitment to growing its offerings and providing added liquidity to benefit its users.
As a multi-currency digital assets exchange and derivatives platform that brings institutional-grade trading technology to the crypto space, BTSE bridges the current financial system with the digital assets of tomorrow. Established in 2018 and based in the British Virgin Islands, it ranks among the top 100 exchanges, according to Coinranking.
Aave token and open-source protocol
Aave (AAVE) is an open-source protocol that enables the creation of money markets. Users on the non-custodial liquidity protocol can earn interest on their deposits and borrow digital currencies at competitive rates. The Aave ecosystem, already with exciting features, continues to add new functionalities and assets to the protocol.
Introducing AAVE trading and withdrawals will enhance BTSE’s user experience on the exchange and throughout its ecosystem. It will also add stability to BTSE’s order book liquidity while enabling more traders to take advantage of its advanced trading functions.
Users on the AAVE liquidity protocol can earn passive income by staking various assets such as DAI, UNI, USDT, and MKR, among many others. AAVE has a market size of nearly US$6 billion. Once listed on BTSE, users will trade it with US dollars (AAVE/USD) and Tether stablecoins (AAVE/USDT).
Users to gain access to Aave features
DeFi protocols share many similarities, but Aave has some unique features that allow it to stand out in the market: Flash Loans, rate switching, and unique collateral types.
Aave changed the game when it introduced Flash Loans to the market. These open-source protocols allow users to make rapid and secure loans. Moreover, borrowers must pay back the flash loans when the next Ethereum block has been mined. This quick lending protocol enables users to perform several tasks in a short period.
When it comes to choosing collateral types and seeking diversity, Aave’s DeFi collateral set is the most diverse in the space. In addition to those mentioned earlier, other tokens such as Uniswap LP Tokens and TokenSets are also available.
On Aave, users have the option of switching their rate structure, choosing between stable or variable rates at any time. Depending on the liquidity pool demand, variable rates tend to change continuously, whereas stable rates are based on the average interest rate of the last 30 days.
Our aim is to create a platform that offers users the most enjoyable trading experience. If you have any feedback, please reach out to us at firstname.lastname@example.org or on Twitter @BTSE_Official.
Note: BTSE Blog contents are intended solely to provide varying insights and perspectives. Unless otherwise noted, they do not represent the views of BTSE and should in no way be treated as investment advice. Markets are volatile, and trading brings rewards and risks. Trade with caution.