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13 May 2021

Why Aave Is Bringing Yield Farming to Its DeFi Platform - Decrypt

Why Aave Is Bringing Yield Farming to Its DeFi Platform - Decrypt


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Now, in an effort to keep pace, decentralized finance (DeFi) competitor Aave is trying out its own liquidity mining program.

Starting today, the platform will pay its users in Staked Aave (stkAAVE) when they lend or borrow Ethereum, Wrapped Bitcoin, or stablecoins DAI, GUSD, USDC, and USDT.

Aave Improvement Proposal (AIP) 16, put forth by venture capitalist and AAVE user Anjan Vinod, called for liquidity mining as a way to attract capital and ensure borrowers can get the loans they need.

“By introducing liquidity mining rewards only on Aave v2, liquidity providers and borrowers will naturally migrate toward the more optimized version,” wrote Vinod.

As for the nitty gritty, liquidity mining rewards are split equally between lenders and borrowers; for ETH and WBTC, the lenders take 95%.

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Why Fiat Experts Don’t Get Bitcoin
published: 1 hour ago
There are various reasons traditional experts do not understand bitcoin and thus have negative views on it.

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