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Aave, a decentralized finance (DeFi) platform, is gaining significant attention and support from the crypto community. Users and influencers are advocating for the use of Aave over centralized financial services, citing past failures of companies like Celsius, BlockFi, Salt Lending, and Genesis Lending. Aave allows users to earn high annual percentage yields (APY), such as 70% APY on sAVAX deposits via OKX Web3. The platform is praised for its ability to unlock liquidity from crypto holdings while avoiding the pitfalls of centralized services. Additionally, Frax Finance has also shown support for Aave, and Stani Kulechov, a prominent figure in the DeFi space, has endorsed the platform.
Folks that are looking to unlocking liquidity from crypto holdings should steer clear away from any type of centralized businesses offering these services. We already saw what happened to Celsius, BlockFi, Salt Lending, Genesis Lending and others. DeFi won. Just use Aave.
Just Use Aave https://t.co/ixmdRB7Ywb
Deposit sAVAX into @aave using @okxweb3 and earn 70% APY! https://t.co/9eBGj6iLrI