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Home Platforms AAVE vs Loopring

Compare AAVE vs Loopring

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Pros & Cons

tick Very low loan rates available
tick No origination or early redemption fees
tick Interest accrued every second
tick Savings interest payments remain attached to coin even if transferred off platform
tick Fully open source platform
tick One of the largest crypto loan platforms
tick $2,275,420,800 USD currently invested (TVL)
tick Been in business longer than Loopring (Founded 2017 vs 2018)
tick Interface supports English whereas Loopring doesn't
tick The platform is blockchain agnostic
tick Users have full controll over their assets
tick Users benefit platform’s revenue by staking LRC
tick $92,532,314 USD currently invested (TVL)
tick Higher average review rating than AAVE (98% vs 67%)
tick More reviews than AAVE (3,838 vs 9 reviews)
Staking Rates
tick Loopring will pay interest on 17 crypto currency deposits not offered by AAVE:
DPI-ETH (DPI-ETH)
ETH-USDC (ETH-USDC)
ETH-USDT (ETH-USDT)
IMX-USDC (IMX-USDC)
LDO-ETH (LDO-ETH)
LINK-ETH (LINK-ETH)
LQTY-ETH (LQTY-ETH)
LRC-ETH (LRC-ETH)
LRC-USDC (LRC-USDC)
LRC-USDT (LRC-USDT)
LRC-WBTC (LRC-WBTC)
MANA-USDC (MANA-USDC)
MASK-LRC (MASK-LRC)
MATIC-ETH (MATIC-ETH)
SAND-USDC (SAND-USDC)
WBTC-ETH (WBTC-ETH)
WBTC-USDC (WBTC-USDC)
More ...
cross Interface is a bit complex and confusing for amateur users
cross 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
cross Slow development process
cross No support from a big incubator or investor
cross Investments in liquidity pools can be higher risk
cross Liquidity pool investments are only suitable for advanced crypto users
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Reviews

67% based on 9 reviews
98% based on 3,838 reviews
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Staking Rates

The table below compares the staking rates for AAVE and Loopring.
Crypto Currencies
Loading rates ...
Crypto Currencies
DPI-ETH DPI-ETH
0.53%
0.53%
ETH-USDC ETH-USDC
0.42%
0.42%
ETH-USDT ETH-USDT
2.93%
2.93%
IMX-USDC IMX-USDC
4.31%
4.31%
LDO-ETH LDO-ETH
1.56%
1.56%
LINK-ETH LINK-ETH
0.64%
0.64%
LQTY-ETH LQTY-ETH
1.84%
1.84%
LRC-ETH LRC-ETH
0.73%
0.73%
LRC-USDC LRC-USDC
1.21%
1.21%
LRC-USDT LRC-USDT
0.67%
0.67%
LRC-WBTC LRC-WBTC
0.92%
0.92%
MANA-USDC MANA-USDC
0.97%
0.97%
MASK-LRC MASK-LRC
0.61%
0.61%
MATIC-ETH MATIC-ETH
0.06%
0.06%
SAND-USDC SAND-USDC
1.04%
1.04%
WBTC-ETH WBTC-ETH
0.16%
0.16%
WBTC-USDC WBTC-USDC
0.25%
0.25%
Loading rates ...
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Company

Automatic market maker
Automatic market maker
tick Yes
Legal name
Aave SAGL
Legal name
Year founded
2017
Year founded
2018
Country incorporated in
222
Country incorporated in
Headquarters country
1
Headquarters country
Platform token
Aave
Platform token
Loopring
Decentralised
tick Yes
Decentralised
tick Yes
Open source
tick Yes
Open source
Number of employees
50-100
Number of employees
Total assets under management
$18,000,000,000USD
Total assets under management
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Products

Savings accounts
tick Yes
Savings accounts
Loans
tick Yes
Loans
Crypto to crypto exchange
tick Yes
Crypto to crypto exchange
Fiat to crypto exchange
cross No
Fiat to crypto exchange
Pro exchange marketplace
cross No
Pro exchange marketplace
Peer to peer exchange
cross No
Peer to peer exchange
Margin trading
cross No
Margin trading
Corporate accounts
tick Yes
Corporate accounts
Instantly buy crypto with fiat
cross No
Instantly buy crypto with fiat
Integrated crypto wallet
tick Yes
Integrated crypto wallet
Crypto withdrawals to private wallet
tick Yes
Crypto withdrawals to private wallet
Fast account verification
tick Yes
Fast account verification
Futures exchange
cross No
Futures exchange
Chain agnostic
Chain agnostic
tick Yes
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Security

Cold storage
cross No
Cold storage
Two factor authentication
cross No
Two factor authentication
Credit check
cross No
Credit check
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Support

24/7 support
cross No
24/7 support
Email support
tick Yes
Email support
Phone support
cross No
Phone support
Chat support
cross No
Chat support
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Fees

Exchange fees
0% exchange fees
Exchange fees
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.
Withdrawal process
Savings crypto account withdrawal limit
Unlimited
Savings crypto account withdrawal limit
Loan crypto account withdrawal limit
Unlimited
Loan crypto account withdrawal limit
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Investment Strategy

Liquidity pools
tick Yes
Liquidity pools
DeFi products
tick Yes
DeFi products
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Registrations & Regulation

Know your customer
cross No
Know your customer
cross No
Regulators
Regulated in the UK by the Financial Conduct Authority
Regulators
Financial Conduct Authority
tick Yes
Financial Conduct Authority
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Important Message Definda does not provide any financial advice. All information is provided for research purposes only. DeFi is a rapidly evolving industry. Most businesses in the sector are very young and it is possible that some of them could go out of business in the future. Such an event could result in the loss of your investment. You should do your own research or consult a financial advisor before investing any money. Please read and satisfy yourself with our terms before continuing to use our website. We offer a free impartial comparison service of savings, loans and other DeFi products. We may receive a small commission from some of the companies listed, but this never influences our rankings. If you spot any errors in the information listed then please contact us at info@definda.com.

Why Compare With Definda?

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We always rank and compare products objectively and impartially.

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