How to Use AAVE V3 on Fantom, Polygon, Avalanche and Arbitrum Chains with Very Low Gas Fees

I show you how to Use AAVE V3 on Fantom, Polygon, Avalanche and Arbitrum Chains with Very Low Gas Fees. Aave is a decentralized non-custodial liquidity market protocol where users can participate as depositors or borrowers. Depositors provide liquidity to the market to earn a passive income, while borrowers are able to borrow in an overcollateralized (perpetually) or undercollateralized (one-block liquidity) fashion.

You can withdraw your funds from the pool on-demand or export a tokenised (aTokens) version of your lender position. aTokens can be moved and traded as any other cryptographic asset on Ethereum.

AAVE is used as the center of gravity of Aave Protocol governance. AAVE is used to vote and decide on the outcome of Aave Improvement Proposals (AIPs). Apart from this, AAVE can be staked within the protocol Safety Module to provide security/insurance to the protocol/depositors. Stakers earn staking rewards and fees from the protocol. Higher the utilization of a reserve the higher the yield for depositors. Depositors receive a share of the Flash Loan fees corresponding to .09% of the Flash Loan volume. You cannot borrow using stable and variable rate at the same time for one asset. You can withdraw your assets without opting out of using them as collateral, as long as those funds are not actively being used to borrow and the withdrawal would cause a liquidation on your loans.

Aave V3 Features Isolation mode allows Aave Governance to list new assets as isolated assets, which have a specific debt ceiling. Only certain assets can be borrowed in isolation mode—specifically, approved stablecoins. How to exit isolation mode? To exit isolation mode, you will need to disable the collateralized isolated asset that you have supplied.
Confirm the disabled isolation mode setting. You have now successfully exited isolation mode. With Aave V3, gas costs have been optimized and reduced by around 20-25% across the board. With AAVE V3 they supported Fantom, Abitrum, Harmony, and Optimism chains.

How to Deposit into Aave This is same for other Chains like Polygon, Avalanche, Arbitrum, and Optimism. I am using Fantom Metamask wallet. I have few CRV tokens sitting in my Metamask wallet. I wanted to use AAVE to put it to use. I deposited my 14 CRV tokens at 2.99% APY.

How to Borrow on AAVE You want to always borrow stablecoins from AAVE at lowest interest rate. Currently DAI can be borrowed at 1% APY variable interest rate. I decided to borrow at 1% APY variable rate instead of 5.27% Fixed APY.

AAVE Staking Current AAVE Staking Reward of 9.3% APR. AAVE holders can stake their AAVE in the Safety Module to add more security to the protocol and earn Safety Incentives. In the case of a shortfall event, up to 30% of your stake can be slashed to cover the deficit, providing an additional layer of protection for the protocol.

How to Replay Loans in AAVE How do I repay with my collateral/deposits? You can repay your loan using collateral or currently availiable funds in your wallet. In order to repay with your assets you just need to go to the Dashboard and follow these steps:

• Click on repay on the debt you want to repay.
• Choose repay "With your current collateral"
• Select the asset you want to repay and amount in the left side (Borrowed Asset).

AAVE Flashloans I will provide a FURUCOMBO flashloan tutorial below. Flash loans can be used for Self-Hedging for reckless traders, prevent self liquidation, Arbitrage, Debt refinancing — ‘Interest Rate Swap’, and Debt refinancing — ‘Currency Swap’. Currently FURUCOMBO does support Polygon chain as well as Ethereum.

In Summary There is no risk of AAVE going belly up like LUNA. I noticed AAVE deposit interest rates are very low for stable coins. Even lower for bluechip deposits like ETH and BTC. If you want to have your crypto portfolio to grow, you need to find other platform that pays higher interest rates for deposits. I would use a tool like coindix to find better single sided pool with higher interest rates. AAVE lets you lend and borrow crypto without KYC.

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Time Stamp: 00:00 Introduction to AAVE V3 02:11 How to Deposit into Aave 03:06 How to Borrow on AAVE 04:07 AAVE Staking 04:31 How to Replay Loans in AAVE with Collateral without New Funds 05:23 AAVE Flashloans Basics 06:02 Risk of Liquidation on AAVE 07:16 How to Swap Deposits on AAVE 08:01 In Summary

https://furucombo.app/combo https://linen.app/interest-rates/ https://medium.com/aave/sneak-peek-at-flash-loans-f2b28a394d62 https://medium.com/furucombo/create-flashloan-combo-on-furucombo-c7c3b23267f0

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