1inch Token Added As Collateral On Aave

Twitter icon  •  Published 3 महीने पहले  •  Hassan Maishera

The 1inch Network announced via Twitter on Monday that its token has now been added as collateral on Aave.

The 1inch Network announced via Twitter on Monday that its token has now been added as collateral on Aave. Aave is an open source and non-custodial liquidity protocol. The integration means that users can now borrow and lend 1INCH token through the Aave decentralized app. 

The 1inch Network is a DEX aggregator protocol across multiple chains, including Ethereum, BSC, Polygon, Optimism, and Arbitrum. 1INCH is down by more than 5% in the last 24 hours and is currently trading at $0.731 per token.

Aave protocol is a decentralized, open-source, and non-custodial money market protocol. Depositors earn interest by providing liquidity to lending pools, while borrowers can obtain overcollateralized loans by using the liquidity from these pools.

AAVE is trading at $89.8 per token, down by 9% in the last 24 hours.

Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.

Sign up to our Newsletter

Want to read more amazing articles just like this one? Sign up to our newsletter to get them delivered to your inbox once a week!