What is Aave (AAVE)?
Aave is a decentralized finance (DeF) protocol that enables users to borrow and lend out cryptocurrency in a completely decentralized and anonymous way. Aave was first launched in 2017 when it was then known as ETHLend. Since changing to Aave in 2020, the protocol has really taken off thanks to the rise of DeFi that year. The AAVE token itself has a few benefits, namely governance rights and reduced transaction fees for token holders. Lenders who deposit their funds on the platform for borrowers get rewarded with interest rates meanwhile borrowers must deposit collateral first before getting a loan.
How to earn 6% interest on AAVE
Step 1: Sign-in or sign up to YouHodler (iOS, Android, and Web version available)
Step 2: Deposit AAVE to your personal Aave wallet
Step 3. Watch as your AAVE earns compounding interest.
Step 4: Get paid! Weekly payments come every 7 days
Watch your crypto earn on YouHodler
The best part of depositing your favorite cryptocurrency is the ability to watch your crypto earn interest in real-time. We provide you with earning updates every four hours so you can follow along closely and watch your portfolio grow every day. Furthermore, we feature compounding interest meaning the longer you HODL, the more you watch your crypto earn. Transparency and stability are two words we take very seriously. Since YouHodler first started offering savings accounts, our rates have barely changed. That way, you can always rely on a consistent passive income day after day, month after month, and year after year.
AAVE saving wallet App that pays interest
YouHodler wallet app is the only application where you can store your Aave (AAVE) just like you would in a regular wallet but in addition, earn interest on that AAVE wallet balance every week.
How does AAVE interest work
You can earn interest on AAVE just like you would with a traditional bank savings account but with one key difference. Instead of near to zero interest rates at banks, we offer you 6% interest on Bitсoin.
How to Earn Free AAVE
It’s easy! Just deposit AAVE to your YouHodler wallet and you’ll earn free AAVE every week.
How to Get Free AAVE
Interest payments occur every seven days. So you’ll get your free AAVE a week after your first deposit.
Cumulative Interest AAVE
Yes, you have cumulative interest if you HODL AAVE in the wallet. We calculate compound interest rates every week.
AAVE APY & Yield
Compared to other platforms, we offer APY instead of APR. APR gives you interest payments without the compounding effect. Hence, with APY at YouHodler, you get more AAVE at the end of the year due to this cumulative interest.
AAVE Savings Calculator
Just use our AAVE Savings Calculator to see what you will have in 3, 6, or 12 months of HODLing on YouHodler.