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AAVE up 84% since V3 upgrade

 


Aave's decentralized finance (DeFi) lending protocol has grown 84% since its V3 upgrade on March 16, which included improvements in security, decentralization, blockchain interoperability, and risk management. This also resulted in lower transaction fees.


In this short article you will find all the details about AAVE: what it is, whether it is worth investing in and the best places to buy AAVE right now.

What is AAVE?

AAVE is a crypto lending protocol with some unique selling points. You can choose from around 20 cryptos to borrow and lend, plenty to choose from.


One of the first products of the protocol were “flash loans”, which are considered the flagship unsecured lending option in DeFi.


Borrowers can also switch between variable and fixed rates. The former can be beneficial if you think prices are going to fall. The latter can provide much-needed cost certainty in volatile times.


Should I buy AAVE today?

Aave may be among the top gainers over the past 24 hours, but it's still very far from its all-time high of $661.69 set in May of last year. That's why it's important to do your own research.


Any investment decision you make should be based on your knowledge of the market and your risk tolerance.

Wallet Investor Makes Deeply Bearish Prediction: AAVE's Price Could Drop From $240 To Just $10.5. Up to Brain disagrees. According to the expert, AAVE will reach $366 by the end of 2023.

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