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Review on Aave by Mingtao Qi

Revainrating 5 out of 5

Very beautiful UI and defi lending and borrowing is needed in this age of centralized entities.

I've been using AAVE to short BTC for a few months now.

Love the fact that you get to basically adjust the leverage yourself by depositing USDC/DAI and borrowing BTC and then swapping it to USDC/DAI and re-depositing and borrow more BTC and rinse and repeat until you get the desired level of leverage.

It's on polygon chain to save fees.

Plus I get paid interest to hold this short position as USDC/DAI has higher interest paid as deposit vs the BTC on borrow.

Pros
  • Trustless
  • True Defi
  • Can adjust leverage as I see fit
Cons
  • Can't think of any to be honest.