Virtual currencies, real risks. The only guarantee in crypo is risk. Read more
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Disclaimer
The value of your virtual currencies can fluctuate significantly, and the amount you invested can be completely lost;
Virtual currencies are not covered by the bank deposit guarantee schemes;
There is no legal mechanism available on the virtual currency market to prevent market manipulation or insider trading;
Virtual currencies are entirely dependent on a specific computer technology and infrastructure, which in some cases may be very recently developed and not yet sufficiently tested;
In case of loss of the identifier or password that gives access to the virtual wallet in which the virtual coins are stored, those coins will be permanently lost;
Virtual currencies are currently accepted as a means of payment with limited acceptance, and in most countries there is no legal obligation to accept them;
For more information about the risks associated with an investment in virtual currencies, we recommend that you visit the Wikifin page What is a cryptocurrency? | Wikifin.
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Aave is a decentralized finance (DeFi) platform built on the Ethereum blockchain that aims to revolutionize the traditional banking system by offering a wide range of lending and borrowing services. It operates as an open-source protocol that enables users to lend, borrow, and earn interest on their cryptocurrency assets without the need for intermediaries like banks. Aave's native cryptocurrency token is called AAVE, which is used to govern the platform and participate in its activities.
At its core, Aave utilizes smart contracts to create lending pools, where users can deposit their assets and earn interest on them. These assets can include popular cryptocurrencies like Ethereum, stablecoins like USDT or DAI, or even other tokens that meet the platform's standards. On the other side, borrowers can take loans from these pools by providing suitable collateral. The interest rates on loans are determined algorithmically based on the demand and supply dynamics within the ecosystem. One of the unique features of Aave is its concept of "flash loans," which allow users to borrow assets without requiring any collateral, as long as the borrowed funds are returned within a single Ethereum transaction. Flash loans have opened up new opportunities for arbitrage and complex trading strategies within the DeFi space. Another notable aspect of Aave is its ability to offer variable interest rates, which are influenced by market conditions. This gives borrowers flexibility in choosing the optimal borrowing terms. Aave operates with a pool-based model, meaning that all assets deposited by users are aggregated into a shared liquidity pool. This design ensures that funds are available for borrowing at any given time, and the interest earned by lenders is distributed proportionally to their contribution to the pool. Furthermore, Aave's protocol incorporates a system of "governance tokens," where AAVE holders can propose and vote on changes to the protocol. This decentralized governance mechanism gives the community a say in the platform's development and ensures that it evolves in a transparent and democratic manner.
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Create a free account in 3 minutes to buy, sell and store Aave with no minimum amount. Your Finst account is accessible worldwide via mobile and desktop.
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Verify your account and transfer euros to your Finst wallet with iDEAL, Bancontact or instant SEPA bank transfer.
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Buy and sell over 265 digital assets and pay only 0,15% transaction fees. Store your AAVE in your secure Finst wallet.
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Buy AAVE with a trading fee of 0,15% per transaction and no added spead. That's it. Crystal clear.
Finst is an Amsterdam-based cryptocurrency exchange led by a team of investment professionals who have previously helped build one of the largest retail investment platforms in Europe. Finst offers the lowest transaction fees in Europe for a wide range of cryptocurrencies through a unique and highly secure platform.
Leveraging decades of combined trading, security and engineering experience, Finst aims to create a level playing field for all crypto investors and remove the high entry barriers associated with investing in cryptocurrency.