Track and trade Aave V2 tokens on Zerion

Rebecca Mqamelo -

The Aave team has just released V2 of their protocol, and we couldn’t be more excited to support these changes on Zerion. For a full debrief on how V2 will differ from V1, check out Aave’s announcement. In this article, we’ll discuss what Zerion users can expect.

The new Aave

Aave is a DeFi money market protocol that enables users to lend and borrow a diverse range of cryptocurrencies. Aave’s distinguishing features are its flexible interest rates and uncollateralized flash loans.

V2 incorporates extensive feedback from the Aave community, including:

  • Optimized gas costs
  • Upgraded flash loans
  • Tokenized debt: Borrowers will now receive tokens that represent their debt, making it easier to track loans on interfaces like Zerion 🙂
  • Repayment with collateral: Aave loan positions can now be closed in a single transaction by paying directly with collateral.

What does this mean for Zerion?

As always, users will be able to track their Aave positions from the Overview page on both our web and mobile apps. Deposits will appear under “Savings” and new Aave debt tokens will appear under “Loans”.

The most important new feature is that users can now trade their aTokens (i.e. Aave collateral deposits) directly from Zerion. The new “Aave” category on the Invest page makes it easy to keep track of your collateral deposits and trade them in just a few clicks.

We love that Aave V2 is geared towards simplicity and lower gas costs. In the future, we plan to roll out a full integration for Aave V2, making it easier to interact with the protocol directly from Zerion.

Are you an avid Aave user? Let us know what other features you’d like to see by voting on our public roadmap!