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DeFi

Aave-based Flashlend Market Flaave Goes Live

October 24, 2022 - Around 1 mins mins to read
Flaave, a market for flashlending on Aave, announced its launch.
Aave-based Flashlend Market Flaave Goes Live

Flaave is supported by Aave and Flashstake, allowing users to deposit assets and instantly receive upfront lending yields at a fixed rate. Users can burn fTokens minted by the protocol to withdraw their assets at any time.

When a user deposits funds, their principal is safely and securely transferred to the Aave v2 protocol. This money is available for withdrawal at any moment. The Flashstake protocol mints and burns fTokens behind the scenes to redeem immediate yield from the Flashstake yield pool.

The risk and volatility of interest rates in this market are borne by fToken holders, not users. An example employing SNX and fSNX tokens is shown below.

Aave-based Flashlend Market Flaave Goes Live

Flaave supports lending ETH, WETH, USDC, CRV, and SNX. It allows users to lend for up to a year.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

CoinCu News

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Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.
DeFi

Aave-based Flashlend Market Flaave Goes Live

Flaave, a market for flashlending on Aave, announced its launch.
Aave-based Flashlend Market Flaave Goes Live

Flaave is supported by Aave and Flashstake, allowing users to deposit assets and instantly receive upfront lending yields at a fixed rate. Users can burn fTokens minted by the protocol to withdraw their assets at any time.

When a user deposits funds, their principal is safely and securely transferred to the Aave v2 protocol. This money is available for withdrawal at any moment. The Flashstake protocol mints and burns fTokens behind the scenes to redeem immediate yield from the Flashstake yield pool.

The risk and volatility of interest rates in this market are borne by fToken holders, not users. An example employing SNX and fSNX tokens is shown below.

Aave-based Flashlend Market Flaave Goes Live

Flaave supports lending ETH, WETH, USDC, CRV, and SNX. It allows users to lend for up to a year.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

CoinCu News

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