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