Gm friends,
Welcome back to another Wealth Mastery Premium Investor Report.
Let’s jump in!
Here’s what’s in today’s issue:
- My portfolio updates.
- Jesse has a deep dive on if Aave is still worth using.
- Sam has the top 3 NFT drops.
For any crypto related questions please comment on the website.
Buys and Sells
No updates this week
Open BUY and SELL Orders
(NOTE: You should never blindly follow my moves. I share these for educational purposes, not as signals for you to trade on)
BUY
- N/A
SELL
- Ethereum $4,800
Is Aave Still Worth Using?
Redefining the look and feel of the protocol recently. You might be surprised to find that Aave has done away with its iconic ghost figure in place of a more sophisticated half-face.
This was not the doing of Aave alone. But rather a community-driven effort to bring the protocol up to speed with the current market sentiment. Proposed via Aave governance and launched just a few months ago.
The rebrand comes almost a year after the company behind Aave was renamed to Avara last November. So start getting used to it because this is the new look of Aave.
What is Aave?
Aave is a powerhouse of a protocol with almost $20 Billion in Liquidity captured Across half a dozen networks. As one of the DeFi-defining protocols of the blockchain revolution.
Aave has taken full advantage of its position in the marketplace to offer a transparent marketplace for lenders and borrowers to converge for a mutually beneficial exchange.
To say that Aave has solidified itself at the front of the crypto space is a gross understatement. Having been around as long as it has.
Aave is interwoven into the fabric of smart contract lending I’m a way that very few protocols have been able to achieve. Because when loan security lies in a project’s ability to capture value and hold it. Aave is constantly referred to as one of the best places to do this. No matter what newer high-yield options present themselves.
As the majority of whales agree that it’s more important to secure your assets in a pool with billions and receive less yield, than in a pool of millions for a little extra. As always it’s a question of risk vs reward.
Something that makes Aave a great place to be is the control each community member has over the direction of the protocol. Offering a gasless voting mechanism for participants in governance. Voters do not need to migrate funds to any specific voting network.
Instead, all governance token balances and delegations are stored on Ethereum and validated on the voting network using storage proofs. This means that it doesn’t matter what network you support, you’ll never have to transfer assets off that network to participate in Aave governance.
Aave’s simple design is what makes it such a desirable place to farm yields. As an open-source non-custodial liquidity pool. Users remain in control of their funds at all times when interacting with the Aave protocol.
Simply deposit your preferred tokens into Aave and you’ll receive a corresponding amount of aTokens (e.g., aETH, aUSDT, aUSDC). These tokens represent the addresses’ shared value in the selected pool and start accruing interest automatically.
The interest rate earned is based on the amount of liquidity in the pool vs the amount of loans…
Hi! My name is Lark Davis!
I’m a cryptocurrency investor with years of experience and I’ve been making consistent profits in the crypto space.
I’m passionate about helping others do the same, so I run multiple educational channels on crypto investing.
