Dear Tokenizer community,
We are excited to announce that Aave is now listed on Tokenizer DEX!
The available trading pairs are LEND/WETH & LEND/USDT.
Aave, formerly known as ETHLend, is a decentralized lending platform that facilitates peer-to-peer loans using smart contracts. ERC20 tokens are used as collateral for the P2P loans. Aave is an open-source and non-custodial protocol enabling the creation of money markets. Users can earn interest on deposits and borrow assets.
The non-custodial protocol effectively allows participants to create their own decentralised asset markets on the Ethereum blockchain. By depositing tokens on the platform users can receive interest on the holdings or utilise it as collateral to borrow against. The innovation has recently been taken a step further and now depositors have the opportunity to delegate their credit lines to others in need of a loan but lack the assets to obtain one. This undercollaterised lending legal agreement is achieved through a smart contract designed by OpenLaw.