Pros & Cons |
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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 Zk-Swap
(Founded 2017 vs 2021)
Offers loans but Zk-Swap doesn't
Offers corporate accounts but Zk-Swap doesn't
Integrated crypto wallet available on AAVE but not on Zk-Swap
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Ethereum level security
Zk-Sync level fast transactions
Bigger TVL compared to same-tier DEXs
Has 24/7 support but AAVE doesn't
Has chat support but AAVE doesn't
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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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Still in testnet
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Staking Rates |
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The table below compares the staking rates for AAVE and Zk-Swap.
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Company |
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Automatic market maker
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Automatic market maker
Yes
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Legal name
Aave SAGL
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Legal name
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Year founded
2017
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Year founded
2021
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Country incorporated in
222
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Country incorporated in
222
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Headquarters country
1
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Headquarters country
222
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Platform token
Aave
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Platform token
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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
50-100
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Number of employees
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Total assets under management
$18,000,000,000USD
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Total assets under management
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Non-custodial
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Non-custodial
No
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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
No
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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
Yes
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Corporate accounts
No
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Instantly buy crypto with fiat
No
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Instantly buy crypto with fiat
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Integrated crypto wallet
Yes
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Integrated crypto wallet
No
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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
Yes
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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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DEX aggregator
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DEX aggregator
No
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Chain agnostic
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Chain agnostic
No
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Security |
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Cold storage
No
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Cold storage
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Two factor authentication
No
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Two factor authentication
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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
No
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24/7 support
Yes
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Email support
Yes
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Email support
Yes
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Phone support
No
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Phone support
No
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Chat support
No
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Chat support
Yes
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Fees |
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Exchange fees
0% exchange fees
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Exchange fees
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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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Withdrawal process
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Savings crypto account withdrawal limit
Unlimited
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Savings crypto account withdrawal limit
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Loan crypto account withdrawal limit
Unlimited
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Loan crypto account withdrawal limit
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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
Yes
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DeFi products
Yes
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Unsecured loans
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Unsecured loans
No
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Independent proof of reserves
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Independent proof of reserves
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
Regulated in the UK by the Financial Conduct Authority
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Regulators
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Financial Conduct Authority
Yes
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Financial Conduct Authority
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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.