Pros & Cons |
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Built on Polygon Network
Faster and Cheaper transactions
$1,403,119 USD currently invested (TVL)
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Very low loan rates available
No origination or early redemption fees
Interest accrued every second
Savings interest payments remain attached to coin even if transferred off platform
Fully open source platform
One of the largest crypto loan platforms
$2,275,420,800 USD currently invested (TVL)
Been in business longer than 0vix
(Founded 2017 vs 2022)
Account verification in less than 1 hour available on AAVE but not on 0vix
Interface supports English whereas 0vix doesn't
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The Protocol was founded in 2022 and has a short history.
Limited number of supplied cryptocurrencies
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Interface is a bit complex and confusing for amateur users
Transaction (gas) fees on the Ethereum network can be high, but AAVE does support a number of much cheaper Ethereum sidechains including Polygon and Avalanche
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Staking Rates |
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The table below compares the staking rates for 0vix and AAVE.
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Company |
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Automatic market maker
Yes
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Automatic market maker
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Legal name
0vix Protocol
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Legal name
Aave SAGL
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Year founded
2022
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Year founded
2017
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Country incorporated in
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Country incorporated in
222
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Headquarters country
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Headquarters country
1
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Platform token
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Platform token
Aave
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Decentralised
Yes
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Decentralised
Yes
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Open source
Yes
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Open source
Yes
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Number of employees
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Number of employees
50-100
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Total assets under management
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Total assets under management
$18,000,000,000USD
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Products |
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Savings accounts
Yes
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Savings accounts
Yes
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Loans
Yes
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Loans
Yes
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Crypto to crypto exchange
Yes
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Crypto to crypto exchange
Yes
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Fiat to crypto exchange
No
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Fiat to crypto exchange
No
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Pro exchange marketplace
No
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Pro exchange marketplace
No
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Peer to peer exchange
No
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Peer to peer exchange
No
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Margin trading
No
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Margin trading
No
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Corporate accounts
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Corporate accounts
Yes
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Instantly buy crypto with fiat
No
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Instantly buy crypto with fiat
No
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Integrated crypto wallet
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Integrated crypto wallet
Yes
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Crypto withdrawals to private wallet
Yes
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Crypto withdrawals to private wallet
Yes
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Fast account verification
No
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Fast account verification
Yes
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Futures exchange
No
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Futures exchange
No
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Security |
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Cold storage
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Cold storage
No
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Two factor authentication
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Two factor authentication
No
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Credit check
No
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Credit check
No
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Support |
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24/7 support
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24/7 support
No
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Email support
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Email support
Yes
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Phone support
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Phone support
No
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Chat support
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Chat support
No
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Fees |
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Exchange fees
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Exchange fees
0% exchange fees
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Withdrawal process
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Withdrawal process
The AAVE platform is fully decentralised and all deposits and withdrawls are handled completely automatically. This means withdrawls are very fast, and simply depend on the speed of the Ethereum network or side chain. There are no records of AAVE withdrawls being halted or frozen.
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Savings crypto account withdrawal limit
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Savings crypto account withdrawal limit
Unlimited
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Loan crypto account withdrawal limit
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Loan crypto account withdrawal limit
Unlimited
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Investment Strategy |
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Liquidity pools
Yes
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Liquidity pools
Yes
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DeFi products
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DeFi products
Yes
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Registrations & Regulation |
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Know your customer
No
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Know your customer
No
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Regulators
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Regulators
Regulated in the UK by the Financial Conduct Authority
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Financial Conduct Authority
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Financial Conduct Authority
Yes
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We always rank and compare products objectively and impartially.
We carefully research products for legitimacy before adding them to the platform.
We never sell or disclose your data to anyone.