Borrowers can avail of loans in a quick time now. Wonder how? This is possible due to the emergence of Decentralized Finance (DeFi). Which is the most famous peer-to-peer (P2P) lending platform? It is Aave. The multichain lending platform operates on a non-custodial liquidity protocol. Are you that entrepreneur yearning to control the Web 3.0 era? Develop an Aave clone now. 

The core features of the Aave Clone Platform are

  • Assets Section - Debtors can obtain credit in advance by pressing the Assets dashboard. They can choose different crypto tokens, cryptocurrencies, DeFi tokens, and stablecoins. Moreover, borrowers can see information about the total amount borrowed, deposit and borrow yearly interest percentage. They can select either stable or variable interest rates as per their preferences. 
  • Integrated digital wallets - Users can connect their software and hardware wallets for processing transactions and managing funds effectively. They should choose the preferred network section and opt for Ethereum mainnet, Polygon Proof of Stake (PoS) chain, and Avalanche. Later, borrowers and lenders should integrate their hot wallets like Coinbase Wallet, MetaMask, MyEtherWallet (MEW), Torus, and ImToken and cold wallets such as Ledger. 
  • Governance Rights - Investors can participate in the future growth and development of the Aave like platform. They can view a list of proposals and exercise their votes. Moreover, real-time stats are available about the number of proposals being (executed, passed, cancelled, failed, expired, and queued). 
  • Help Desk - Borrowers and lenders receive prompt support for different problems. They can contact the help centre and receive assistance for issues related to deposits and withdrawals, swapping, repayment of loans, liquidation, and migration from one blockchain network to another. This increases the trust of debtors and depositors. 

Wrapping Up

Do you want to build a transparent platform for disbursing loans? Partner with a DeFi platform creation enterprise for building an Aave clone script soon.