⚡️ Introducing Flaave: The Flashlending Market
Today we are excited to launch Flaave —a market for flashlending on Aave.
Why is this cool?
Lock-in Aave lending rates for up to 1 year.
What makes this a “flashlend”?
100% of the yield is paid instantly and upfront, all in one transaction.
Why should I try this now?
For a limited time, early users can receive up to 5X APY boosts made possible by FLASH tokens.
- SNX: 21% (+4% FLASH Boost) = 25% APY
- CRV: 4% (+4% FLASH Boost) = 8% APY
- wETH: 1% (+4% FLASH Boost) = 5% APY
- USDC: 1% (+4% FLASH Boost) = 5% APY
How Do I Use Flaave?
Perform your first Flaave flashlend in three simple steps:
- Select the asset you want to flashlend
- Select the duration you want to flashlend
- Click “Flaave” to receive all your lending fees, instantly!
You can flashlend anywhere between 1 minute and 1 year. Withdraw anytime by burning fTokens (*currently limited liquidity).
How Does This Work?
Flaave combines the yield power of Aave and the time travel of Flashstake.
When a user deposits funds, their principal is safely and securely put into the Aave v2 protocol. This money can be withdrawn at any time.
Behind the scenes, the Flashstake protocol mints fTokens and burns them to redeem instant yield from the Flashstake “yield pool”.
The fToken holders are the ones taking the risk and volatility of interest rates in this market — not you!
Below is an example using SNX and fSNX tokens.
Where is the yield coming from?
Yield is generated by the Aave v2 protocol on the Ethereum mainnet.
As the protocol matures, the yield pool will begin to compound and make upfront yield increasingly available.
To jumpstart Flaave and expedite yield pool growth, additional capital from an Aave Grant will initially be used.
If the Aave community can help Flaave Protocol (strategies) reach $1M TVL before October 31st 🎃, 1 million $FLASH tokens will be rewarded to Flaave users proportional to usage.
Minimum 1-month flashlend to be eligible to count toward TVL and qualify for the Flashdrop.
- Join Discord: https://discord.com/invite/flashstake/
- Follow on Twitter: https://twitter.com/Flaave_xyz
- Flaave: https://flaave.xyz/
- Flashstake: https://flashstake.io/
- Blockzero Labs: https://blockzerolabs.io/