Aave is a decentralized non-custodial liquidity protocol where users can participate as depositors or borrowers.
Depositors can provide liquidity to the market to earn a passive income, while borrowers are able to borrow in an overcollateralized (perpetually) or undercollateralized (one-block liquidity) fashion. This Portal links to the key resources on Aave to understand the fundamentals of the Protocol. This has led to a very high increase in AAVE price.
Secure and Open Source
The Aave Protocol has been audited and secured. The protocol is completely open source, which allows anyone to interact with the user interface client, API or directly with the smart contracts on the Ethereum network. Being open source means that you are able to build any third-party service or application to interact with the protocol and enrich your product.
One of the most important feature of AAVE for developers is Flash Loans. Flash Loans allow you to borrow any available amount of assets without putting up any collateral, as long as the liquidity is returned to the protocol within one block transaction. To do a Flash Loan, you will need to build a contract that requests a Flash Loan. The contract will then need to execute the instructed steps and pay back the loan + interest and fees all within the same transaction.
Let us review AAVE Price
AAVE Price Prediction
AAVE is currently trading above the support of $292 and close to the resistance of $341. If it can break this resistance, we could see a move towards $366, $431, $484 and $536. If it can flip the $536 area to support, we could see a move towards $611, $707 and $982.
Failure to hold $292 could lead to a drop towards $259 and $204.
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