New ATH for AAVE today

Get in here faggots

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docs.aave.com/faq/migration-and-staking
twitter.com/AnonBabble

>Made 3600% on aave since mid 2019 top late 2020
>Still holding every single aave (only time i touched them is to swap lend/aave)
>this shit will be top 10 MINIMUN q4 2021
>somehow bizz literally NEVER talks about aave

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it's been low key other than bzrx trannies fudding it

Yeah I dunno why either. It's probably the most legitimate DeFi project out there. Instead the attention goes to Uni because free airdrop and YFI because "OMG MORE EXPENSIVE THAN BITCOIN"

>most TLV locked
>usecase not gimped by scaling at all like 90% defi
>most fees extracted to treasury (at governance disposal)
>acually smart stacking mechanism that acts as insurance fund not staking jsut for stake of staking like rest
>acually active governance
>real and insured financial institutions doing governance proposals to plug in aave
>V2 makes everything much more smooth and better
>much faster to iterate/add than compound
>much slower to iterate/add than cream wich brakes shit and loses money all the time (so sweetspot)
>literally sergeys bffs
>huge push of paltform to asian markets just starting
>flashloans are still most mind blowing tech in space (yes even over zks)

How the fuck we get less than 1 aave thread week lol

Only negative side is no CB listing because BC is invested in competition COMP lsited day 1 aave still nothing (same whit uma and snx lol)
But hey 2 positive things out of it
>Where we going we dont need cexes like jewbase
>I get to dump (small part ofc) of my bags on CB normies AND biz when push comes

aave is a shit ticker it literally sounds like niggerspeak

I thought about buying yesterday but the Gas prices were insane so I decided against that. Fucking shit I wish I had done it. Who cares about 15 bucks fees when a coin moons

biz doesnt deserve AAVE simple as
its in the middle of pulling an ETH/LINK and nobody cares
they’ll only care when the top is in and it will seem so obvious in hindsight

bought LEND at 10 cents, which is equivalent to 10 bucks AAVE i suppose. not selling until 1k/coin

Realistic price targets? What's a suicide stack?

>Realistic price targets
Who the fuck knows. Depends how important DeFi becomes in this bullrun. Possibly very high
>Suicide Stack

At least 10 so you can stake

I own AAVE but I don't understand why the price is so high, isn't it just a governance token now? God bless whoever is pumping this shit so high for me, thank you

Aave eth lping on sushiswap rn, feeling cozy

I opted for steaking, moderately comfy. Already claimed 1 AAVE. If it actually goes to $1k that's $500 per month. Then again that would also mean I would have $119k staked just to earn $500 per month

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what risks are involved with staking? i only have 20 so it's not worth it atm, but 1k/coin and i may as well. might cash out of a couple of others to chuck at aave too, i think it's going places.

docs.aave.com/faq/migration-and-staking

>In the case of a shortfall event the Safety Module uses up to 30% of the assets locked to cover the deficit.
jesus, dunno about this

unless they turned it on without me knowing, slashing isn't activated yet. When it is, if my understanding is correct, staking rewards will be increased too

You know this is jsut incentevised test when real thing starts ppl will gtfo from staking and rewards will be 5x but so will risk of slashing?

The stake rewards aren't amazing but that's what makes it so legit in my opinion. People don't stake because they wanna grab money. People stake because they plan on long term holding AAVE and if you do that you might as well stake

yeah, it's still to be determined if the rewards will be worth the risks

exacly this is jsut free 11% apy while keeping aave exposure

(also I'm secretly hoping to get a free airdrop like with Uni)

Dunno man risk free 10-11% is kinda awsome, yes you can find 40-50% but on risk adjsuted basis its meeeehh

There will be no such thing, only way to do it now governance is active is to vote on it, and that would defeat the purpose

But aave made 1 mil from fees in treasury last 25 days (and it is jsut starting I can see 20m every 30 days easy) and treasury use is also governed by us tokenhodlers...

Its a Governance token yes..but there's other value as well. For one you can insure the platform via Staking. Second, you can use it as collateral for loans on the platform.

The way things are trending in the Governance Forums, the Treasury funds should be available to the Governance holders, so they could do annual distributions if there is sufficient profit

Well it's not entirely risk free

kys nigger

well its risk free as it gets in defi:
exposure to 1 smarcontract with 3+ big audits and 2 billion bounty lol