Aave V2 Launches Liquidity Mining Program Targeting Stablecoin Borrowers

Aave has launched liquidity mining incentives for its v2 protocol, paying out governance token rewards exceeding 20% to users who borrow stablecoins.

At the time of writing, users who deposit stablecoins into the protocol can earn an additional yield of between 4.78% and 13.49% on top of their regular gains in the form of staked Aave (stkAAVE) tokens. Wrapped Bitcoin (wBTC) deposits are also paying an extra 4.59%, while Ether (ETH) deposits are garnering 2.11% in rewards.

However, the highest rewards appear to be going to stablecoin borrowers, who are currently receiving rewards of between 5.15% and 22.05%.

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