Aave

Crypto Loans
Updated Edited by George Ong
Visit Website Read Review

Partner links may earn CryptoSlate a commission.

Aave Overview

Key facts

Product Name
Aave
Release Date
2017
Website
aave.com
Service model
direct defi
Product status
available
Collateral & debt
cbBTC on Base · Normal mode; Debt currency: USDC
Borrowing rate
Rate not quoted; variable; Variable APY · Pool-demand pricing

Additional details

Offer scope
Aave V3 · Base cbBTC/USDC; Aave V3 Base pool in normal mode (E-mode disabled), with cbBTC as the only collateral and USDC as the only debt.
Amount & term
Depends on collateral, limits, liquidity · Open-ended; Loan structure: Open-ended; Maximum: Liquidity dependent; Depends on collateral, limits, liquidity; Term: Open-ended
LTV & liquidation
Health factor below 1 · 84% threshold · 6% bonus. Normal mode with no other collateral or debt positions. Pool parameters can change.; Maximum initial LTV: 81%
Fees
Network gas · External conversion costs
Repayment
Partial or full · Interest added to debt
Availability
Aave Labs interface · 18+ · Sanctions restrictions; KYC: Not required; Credit check: Not required
Payout
USDC to wallet · After confirmation
Custody
Pooled contracts · cbBTC issuer dependency
Underlying protocol
Aave V3

Aave Review

Aave

Crypto Loans

7.1 Good

Aave V3 on Base provides variable-rate USDC loans against cbBTC in normal mode, without a fixed repayment date. You manage the position through your wallet, but collateral is held in pooled contracts. Exiting also depends on pool liquidity and the separate route from cbBTC back to Bitcoin.

Read Review Visit Aave

Partner links may earn CryptoSlate a commission.

Aave About

Aave is a decentralized lending protocol, founded in 2017, where users supply crypto to shared pools and borrow other assets against it. On Aave V3 on Base, borrowers lock Coinbase Wrapped BTC (cbBTC) and borrow USD Coin (USDC) straight to a self-custody wallet, with no credit application and no fixed repayment date.

The USDC rate is variable and moves with pool demand. cbBTC has an 81% maximum loan-to-value ratio and an 84% liquidation threshold, and a position can be liquidated once its health factor falls below 1. Aave governance and designated risk managers set these parameters and can change them.

Supplied cbBTC sits in pooled smart contracts and can be lent to other users. The Aave Labs interface applies age, sanctions, and jurisdiction restrictions, and each transaction pays a Base gas fee.

Claim profileSuggest an editReport product

Profile claim requires an aave.com email address.

Ownership & affiliation

Profile information is collected and maintained by CryptoSlate for informational purposes. Branding belongs to its respective owners. This page may contain affiliate links that earn CryptoSlate a commission when readers click through and take action.