AAVE is not generally known for its high savings rates. Savings rates are quite low on the whole, although occasionally very high savings rates can appear for tokens that are in high demand. Savings interest is generated by depositing your funds in a liquidity pool from which other users can borrow. An algorithm continuously monitors the pool dynamics to determine the interest rate payable to savers.

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AAVE offers many highly competitive loan rates, with some tokens available at a variable APY of less than 1%. Loans are available either on either fixed rate or variable rate terms, with the fixed rate loans being significantly more expensive. The whole process is fully automated, without any KYC, so getting a loan is extremely fast.

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AAVE was founded in 2017 which makes it 6 years old. That's still quite young as the oldest crypto platforms are 16 years old.

AAVE has approximately 75 employees. That makes it one of the smaller crypto platforms by number of employees.

AAVE has a total of approximately 18 billion USD of assets under management. AAVE has one of the largest asset bases of all the crypto platforms. The biggest crypto platforms are managing up to 21 billion USD of assets.

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AAVE has an average expert rating of 72%, and an average user rating of 50%. Expert reviews include Nigeria Bitcoin Community (88%), Bit Compare (70%), CoinPaper.io (42%) and Crypto Studio (60%).

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AAVE is itself a liquidity pool and some people consider this entire ecosystem to be higher risk. Having said this, AAVE's system has held up well to date, with no major hacks or security breaches.

AAVE is complex product and there remains a risk of a major bug or vulnerability in the code. To counteract this risk AAVE's protocol code is open source so it can be reviewed by anybody, plus it has been through multiple security audits. Finally, there is and active bug bounty campaign with rewards of up to $250,000 for the identification of a critical code issue.

The other key area of risk is in the loan liquidation process. In the event that a loan needs to be liquidated it may not be possible to generate sufficient funds through the sale of the collateral to cover the loan. For example there may be insufficient in the collateral token marketplace to realise the expected value of the collateral.

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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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AAVE supports 31 different cryptocurrencies. Key supported cryptocurrencies include Ethereum, Tether, USD Coin, Binance USD, Dai and Wrapped Bitcoin. The biggest crypto platforms offer support for over 33 different cryptocurrencies.

Support for a larger number of cryptocurrencies is helpful if you are looking for trading opportunities, but may be less important if your priority is long term investment in one of the major cryptos.

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AAVE offers support by email, however they do not offer support by phone or online chat and do not offer 24 hour support.

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