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The discussion, initiated by Tangible, explores various strategies for optimal utilization of AAVE tokens, including staking on Aave's platform, depositing on Aave's Matic Network Market, and using Bancor. The conversation also highlights the importance of considering APR and potential risks like impermanent loss (IL), and remains open for further suggestions and insights.
The discussion primarily revolves around the optimal utilization of AAVE tokens. Tangible initiated the conversation, seeking advice on the best strategies to maximize their AAVE tokens' potential1. They presented several options they had discovered, including staking on Aave's platform, which offers a 7.2% APR in AAVE. Another option was depositing on Aave's Matic Network Market, which provides a 16.64% APR in MATIC. They also considered using Bancor, which yields a 13.54% APR in AAVE and 7.14% in BNT.
In addition to these, Tangible mentioned Zapper.fi, a platform that displays various pools on SushiSwap, Balancer, and Uniswap. However, they expressed hesitation due to the potential impermanent loss (IL) risk associated with these platforms. Despite presenting these options, Tangible was still open to more suggestions on how to effectively put their AAVE tokens to work1.
The discussion provided a comprehensive overview of the different strategies for maximizing the use of AAVE tokens. It highlighted the importance of considering factors such as APR and potential risks like IL when deciding on a strategy. The conversation remains open for further suggestions and insights, indicating the community's active engagement in exploring the best practices for token utilization.
Posted 3 years ago
Last reply 3 years ago
Summary updated 2 months ago
Last updated 09/12 13:53