We have a #HVF forming that is yet to breakout.
The fundamental driver is of course stablecoin growth. Namely the ones that the United States allow to dominate in this space. Permissioned quasi CBDC's like USDT and USDC.
So what is AAVE if you don't know;
Aave (AAVE) is a decentralized finance (DeFi) protocol enabling users to lend, borrow, and earn interest on crypto assets without intermediaries through automated liquidity pools.
Liquidity Markets – Users deposit assets into pools to earn yield or borrow against collateral.
Flash Loans – Pioneered uncollateralized loans executable within a single blockchain transaction.
Community Governance – AAVE token holders vote on protocol upgrades, risk parameters, and expansions.
So there we have it ... congrats to hodler's of this protocol that was once called ETHLend.
Theres still plenty meat left on the bone for these next few years.
The fundamental driver is of course stablecoin growth. Namely the ones that the United States allow to dominate in this space. Permissioned quasi CBDC's like USDT and USDC.
So what is AAVE if you don't know;
Aave (AAVE) is a decentralized finance (DeFi) protocol enabling users to lend, borrow, and earn interest on crypto assets without intermediaries through automated liquidity pools.
Liquidity Markets – Users deposit assets into pools to earn yield or borrow against collateral.
Flash Loans – Pioneered uncollateralized loans executable within a single blockchain transaction.
Community Governance – AAVE token holders vote on protocol upgrades, risk parameters, and expansions.
So there we have it ... congrats to hodler's of this protocol that was once called ETHLend.
Theres still plenty meat left on the bone for these next few years.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.