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Home Platforms AAVE vs Luno

Compare AAVE vs Luno

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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 Offers loans but Luno doesn't
tick Know your customer checks are required on AAVE but not on Luno
tick Has email support but Luno doesn't
tick Easy to use mobile and web apps
tick Strong support in a number of developing countries
tick Low exchange fees if you use the Luno exchange
tick Large, reputable business
tick Higher average review rating than AAVE (82% vs 76%)
tick More reviews than AAVE (107,799 vs 24 reviews)
tick Higher rating on Trustpilot than AAVE (4.1 vs 3.2 stars)
tick Been in business longer than AAVE (Founded 2012 vs 2017)
tick Has less assets under management than AAVE
tick Fiat exchange available on Luno but not on AAVE
tick Offers corporate accounts but AAVE doesn't
tick Instantly buy crypto with fiat on Luno but not on AAVE
tick Luno uses cold storage crypto wallets but AAVE does not
tick Luno uses two factor authentication but AAVE does not
tick Has chat support but AAVE doesn't
tick Interface supports French, Italian and Indonesian whereas AAVE doesn't
Savings Rates
tick Luno has a higher base saving rate for USD Coin (USDC) (7.6% vs 0.26%)
tick Luno has a higher base saving rate for Ethereum (ETH) (2% vs 0.206%)
2 more savings rates pros ...
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 Need to manually transfer funds to savings account to start earning interest
cross No loans available (except for large instituions)
cross Savings interest rates are variable so it is hard to know how much you will actually earn
cross Transfers of crypto out of your savings wallet sometimes take 24 hours
cross Very limited number of savings account currencies
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Reviews

76% based on 24 reviews
82% based on 107,799 reviews
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Savings Rates

The table below compares the savings rates for AAVE and Luno. Enter the amount you intend to deposit to get a more detailed comparison.
Stable Coins
DAI Dai
0.00554% - 0.881% APY
0.00554% - 0.881% APY
FRAX Frax
1.33% APY
1.33% APY
0.446% APY
0.446% APY
TUSD TrueUSD
0.367% - 0.522% APY
0.367% - 0.522% APY
USDC USD Coin
0.26% - 0.72% APY
0.26% - 0.72% APY
USDP Pax Dollar
1.52% APY
1.52% APY
USDT Tether
0.29% - 1.31% APY
0.29% - 1.31% APY
Crypto Currencies
AMPL Ampleforth
0.342% APY
0.342% APY
BAL Balancer
1.82% - 1.9% APY
1.82% - 1.9% APY
0.148% - 1.01% APY
0.148% - 1.01% APY
0.194% - 0.563% APY
0.194% - 0.563% APY
1.62% - 2.39% APY
1.62% - 2.39% APY
0.0148% APY
0.0148% APY
0.0387% - 0.664% APY
0.0387% - 0.664% APY
0.0545% APY
0.0545% APY
ETH Ethereum
0.206% APY
0.206% APY
FEI Fei USD
0.568% APY
0.568% APY
0.908% - 9.38% APY
0.908% - 9.38% APY
LINK Chainlink
0.0052% - 0.95% APY
0.0052% - 0.95% APY
0.137% - 0.503% APY
0.137% - 0.503% APY
MKR Maker
0.00072% - 1.52% APY
0.00072% - 1.52% APY
2.44% APY
2.44% APY
RENFIL renFIL
0.705% APY
0.705% APY
SNX Synthetix
0.301% - 16.3% APY
0.301% - 16.3% APY
UNI Uniswap
0.276% APY
0.276% APY
WAVAX Wrapped AVAX
0.671% APY
0.671% APY
0.00317% - 0.0115% APY
0.00317% - 0.0115% APY
WMATIC Wrapped Matic
1.54% APY
1.54% APY
XSUSHI xSUSHI
0.00002% APY
0.00002% APY
0.04% - 0.907% APY
0.04% - 0.907% APY
ZRX 0x
0.00409% - 0.0705% APY
0.00409% - 0.0705% APY
Loading rates ...
Stable Coins
USDC USD Coin
7.6% APR
7.6% APR
Crypto Currencies
BTC Bitcoin
1.5% APR
1.5% APR
ETH Ethereum
2% APR
2% APR
Loading rates ...
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Loans Rates

The table below compares the loan rates for AAVE and Luno. Enter the amount you intend to borrow to get a more detailed comparison.
Stable Coins
DAI Dai
1.47% - 4.64% APY
77% LTV 1.47% - 4.64% APY
TUSD TrueUSD
1.62% - 1.94% APY
80% LTV 1.62% - 1.94% APY
USDC USD Coin
1.61% - 2.11% APY
85.5% LTV 1.61% - 2.11% APY
Crypto Currencies
AAVE Aave
3% APY
50% LTV 3% APY
BAL Balancer
5.79% - 6.03% APY
65% LTV 5.79% - 6.03% APY
BAT Basic Attention Token
1.37% - 3.79% APY
75% LTV 1.37% - 3.79% APY
CRV Curve DAO Token
5.76% - 6.55% APY
55% LTV 5.76% - 6.55% APY
DPI DeFi Pulse Index
0.509% APY
65% LTV 0.509% APY
ENJ Enjin Coin
0.776% - 6.17% APY
60% LTV 0.776% - 6.17% APY
ENS Ethereum Name Service
1.03% APY
50% LTV 1.03% APY
ETH Ethereum
0.91% APY
0.75% LTV 0.91% APY
FEI Fei USD
1.82% APY
65% LTV 1.82% APY
KNCL Kyber Network Crystal Legacy
3.33% - 25.5% APY
60% LTV 3.33% - 25.5% APY
LINK Chainlink
0.26% - 4.29% APY
70% LTV 0.26% - 4.29% APY
MANA Decentraland
1.05% - 3.14% APY
61.5% LTV 1.05% - 3.14% APY
MKR Maker
0.0824% - 5.39% APY
65% LTV 0.0824% - 5.39% APY
SNX Synthetix
4.1% - 15% APY
49% LTV 4.1% - 15% APY
UNI Uniswap
2.31% APY
60% LTV 2.31% APY
WAVAX Wrapped AVAX
2.77% APY
50% LTV 2.77% APY
WBTC Wrapped Bitcoin
0.101% - 0.418% APY
70% LTV 0.101% - 0.418% APY
WMATIC Wrapped Matic
4.92% APY
65% LTV 4.92% APY
XSUSHI xSUSHI
0.0204% APY
50% LTV 0.0204% APY
YFI yearn.finance
0.769% - 4.2% APY
50% LTV 0.769% - 4.2% APY
ZRX 0x
0.205% - 1.11% APY
65% LTV 0.205% - 1.11% APY
Loading rates ...
Stable Coins
Crypto Currencies
Loading rates ...
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Company

Legal name
Aave SAGL
Legal name
Luno Pte. Ltd
Year founded
2017
Year founded
2012
Country incorporated in
222
Country incorporated in
206
Headquarters country
1
Headquarters country
1
Platform token
Aave
Platform token
Centralised
tick Yes
Centralised
tick Yes
Number of employees
50-100
Number of employees
400
Number of users
Number of users
8,000,000
Total assets under management
$18,000,000,000USD
Total assets under management
$21,000,000,000USD
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Products

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

Cold storage
cross No
Cold storage
tick Yes
Cold storage custodian
Cold storage custodian
BitGo
Two factor authentication
cross No
Two factor authentication
tick Yes
Credit check
cross No
Credit check
cross No
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Support

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

Maker fee
Maker fee
0%
Taker fee
Taker fee
0%
Exchange fees
0% exchange fees
Exchange fees
Fiat deposit fee
Fiat deposit fee
tick Free
Crypto deposit fee
0
Crypto deposit fee
tick Free
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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
tick Yes
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.

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