ForTube x AAVE Integration
ForTube has integrated AAVE’s fixed-rate lending products into its ETH protocol to provide users with more options for lending services.
Users can choose to pledge dedicated assets and lend other assets at a fixed interest rate.
On the ForTube platform, users can see information such as the loan amount, health index, interest rate, etc, and easily complete the whole fixed-rate lending process. The actual borrowing operation will be performed in the backend through AAVE.
Currently, lending products based on the floating rates are subject to occasional rapid price rises. This unpredictability has become an important factor hindering user entry. The emergence and adoption of fixed-rate lending products will clear the way for institutional users to enter the market.
ForTube has already passed PeckShield’s security audit and has made important improvements in four aspects: asset security, platform governance, system risk control, and community building. This development demonstrates ForTube’s evolution from a pure funding pool to a comprehensive digital asset bank.
What is ForTube?
ForTube is the world’s top DeFi lending platform launched by The Force Protocol. It is committed to providing decentralized lending services for cryptoasset enthusiasts around the world, supporting most of the world’s popular assets.
What is Aave?
Aave Protocol is an open source and non-custodial liquidity protocol.
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