Aave – Access the Full Power of DeFi

Aave is the world’s leading decentralized liquidity protocol.
Supply, borrow, swap, stake, and earn — all in a secure, transparent, and non-custodial environment.

What You Can Do with Aave:

Supply assets and earn passive income

Borrow crypto with flexible collateral options

Swap tokens instantly across supported networks

Stake AAVE tokens and participate in protocol governance

Access multiple blockchains, including Ethereum, Polygon, Avalanche, and more

Join millions of users leveraging the full potential of decentralized finance with Aave.

How to Use Aave – Step-by-Step Guide

What is Aave?

Aave is a decentralized lending protocol that allows anyone to lend, borrow, and earn interest on crypto assets. It’s completely non-custodial, meaning you always maintain control of your funds.

Aave runs on multiple blockchains including Ethereum, Polygon, Avalanche, and Arbitrum, making it flexible and cost-efficient.

Step 1: Set Up a Crypto Wallet

To use Aave, you need a Web3 wallet such as:

MetaMask (browser extension or mobile app)

Coinbase Wallet

WalletConnect-compatible wallets (like Trust Wallet or OKX Wallet)

How to set it up:

Download and install a wallet (MetaMask is a popular choice)

Create a wallet and secure your seed phrase

Add the network you want to use (e.g., Ethereum or Polygon)

Step 2: Add Funds to Your Wallet

To interact with Aave, you need:

Crypto assets to supply (e.g., USDC, DAI, ETH)

Some native tokens for gas fees:

ETH (for Ethereum)

MATIC (for Polygon)

AVAX (for Avalanche)

You can:

Buy crypto through an exchange and send it to your wallet

Bridge assets to another chain (e.g., Ethereum to Polygon) if needed

Step 3: Visit the Aave App

Go to the Aave app: app.aave.com
Connect your wallet using the “Connect Wallet” button in the top right corner.

Choose the network you want to use (Ethereum, Polygon, etc.).

Step 4: Supplying Assets (Lending)

From the dashboard, select an asset you want to supply (e.g., USDC)

Click “Supply”

Enter the amount you want to deposit

Confirm the transaction in your wallet

Once supplied, your asset will start earning interest. You’ll receive aTokens in return (e.g., aUSDC), which represent your supplied balance plus accrued interest.

Step 5: Borrowing Assets

After you supply collateral, you can borrow other crypto assets.

Go to the “Borrow” section

Select the asset you want to borrow (e.g., ETH)

Choose:

Stable rate (interest rate stays mostly fixed)

Variable rate (interest rate fluctuates)

Enter the amount you want to borrow

Confirm the transaction in your wallet

Make sure your health factor stays above 1 to avoid liquidation.

Step 6: Repaying Loans

To repay borrowed funds:

Go to the “Dashboard”

Under “Your Borrows,” click “Repay”

Choose the repayment amount

Confirm the transaction

You can repay partially or fully at any time.

Step 7: Withdrawing Your Supplied Funds

Go to the “Dashboard”

Under “Your Supplies,” click “Withdraw”

Choose how much to withdraw

Confirm the transaction in your wallet

If you have active loans, make sure your collateral requirements are still met after withdrawal.

Step 8: Staking AAVE Tokens

If you hold AAVE tokens, you can stake them to earn rewards and help secure the protocol.

Go to the “Staking” section in the Aave interface

Click “Stake AAVE”

Choose the amount and confirm the transaction

You will earn staking rewards in return. Unstaking has a cooldown period (currently 10 days).

Other Aave Features

Switch Interest Rate Mode: Change from variable to stable and vice versa.

Delegation: Let another address borrow using your credit.

Governance: Vote on Aave protocol upgrades using your AAVE tokens.

Security Tips

Use official websites only: aave.com and app.aave.com

Never share your seed phrase

Always double-check gas fees and transaction details

Consider using a hardware wallet for higher security

Conclusion

Aave makes it easy to put your crypto to work:

Lend assets to earn passive income

Borrow assets without selling your crypto

Stake AAVE tokens to earn rewards

Use DeFi in a secure, self-custodial way

The price of AAVE is currently in a consolidation phase, forming a trading range between $311.5 and $338. From a higher timeframe perspective, this range resembles a flag pattern, which could signal a continuation of the prior uptrend. The exact direction remains uncertain, but investors may consider buying at the lower end of the range. Given the overall bullish market trend, those looking to short should carefully assess the risks.

If the price retraces to the lower boundary of the range, consider entering a long position around $315. Set the take-profit at the range high, approximately $333. The stop-loss can be placed just below the range, around $311.4.

OM surged 52% on Sunday, breaking through multiple previous resistance levels, but fell 7.6% on Monday (July 22). Such rapid movements often lead to short-term pullbacks followed by another surge, providing an opportunity for investors to go long.

At the time of writing, the price is around $0.32. Investors wary of missing out can enter a long position at market price or build a long position in the high-volume zone. Entry levels are between $0.31 and $0.315. Take-profit can be set in stages at $0.445, $0.48, and $0.5. The stop-loss depends on individual risk tolerance, with options below the high-volume zone at $0.303 or $0.299.

UNI’s price broke out of its trading range but pulled back to find support around $10.65, remaining above the ascending trendline. This is a strong bullish signal. At the time of writing, the price is around $11, and investors can consider entering a long position at market price or wait for a retest of the support zone before going long.

If the price retraces to test support again, consider entering a long position between $10.5 and $10.6. This level aligns with the Fibonacci 0.382 level and is also a high-volume zone. Take-profit can be set in stages at $12.28, $12.5, and $12.7. The stop-loss is $10.3, below the midpoint of the range and previous low.

Disclaimer: None of the information contained here constitutes an offer (or solicitation of an offer) to buy or sell any currency, product or financial instrument, to make any investment, or to participate in any particular trading strategy.