In this article, we will focus on the best Aave interest rates and staking rewards. If you are an Aave holder you should also invest them to earn crypto passive income.
Also, it´s important to find the highest yield since this will have a large impact on your long-term portfolio value. This is because compounding interest.
Best Aave Interest Rates and Staking Rewards
In the table below, you can see all the best Aave interest rates and staking rewards.
As you can see, Celsius Network and YouHodler are giving interest payouts for your Aave deposits.
Both Celsius Network and YouHodler are paying their rewards on a weekly basis.
YouHodler with the best Aave Interest rates
YouHodler is offering the best Aave interest rate of 6%. YouHodler is a lending and borrowing company for cryptocurrencies and stablecoins.
In addition, YouHolder has an innovative product called Multi HODL
YouHodler Multi HODL
YouHodler Multi HODL combines the best of both crypto exchanges and CFD trading into one. Simple and intuitive interface, convenient trade management, and FREE leverage.
In the table below, you can find a comparison of YouHodler Multi HODL VS crypto exchange VS CFD trading. The table is taken from YouHodler.
YouHodler Pros and Cons
Here, are the pros and cons for YouHodler
- YouHodler has no loyalty system
- They pay the interest on weekly basis in the deposited coin
- YouHodler is offering high interest rates
- You can´t earn interest on more than equivalent to $100.000
- There are withdrawal fees
Celsius Aave interest rate
Celsius Network is offering a great Aave interest rate. Also, don´t forget to claim the great Celsius Network welcome bonus of $50.
In addition, Celsius id offering many more deposit bonuses you can claim. Make sure to read full terms and conditions before you use deposit bonuses since you must keep the funds at Celsius for a certain period, usually 30-60 days.
Celsius Network pay the best Bitcoin BTC interest rates and highest APY (6.2%).
Celsius Network Pros and Cons
Celsius Network Pros and Cons
- Great first deposit sign up bonus
- Celsius Network is offering great deposit bonuses for existing customers
- Many available cryptocurrencies
- Largest lending and borrowing company for cryptocurrencies
- The lowest interest rate for taking a loan with your crypto as collateral.
- Complex loyalty system
- In general, not the best interest rates
Celsius SignUp Bonus
Celsius has a great signup bonus where you will get $50 in BTC when you sign up with our referral link and deposit at least $400. The bonus will be released after 30 days.
What is Aave?
Aave is an open source and non-custodial liquidity protocol for earning interest on deposits and borrowing assets.
In the Aave protocol, depositors provide liquidity to the market to earn a passive income, while borrowers are able to borrow cryptocurrencies in exchange for paying a variable interest rate. You can think of Aave as a decentralized version of Celsius Network or NEXO.
Where to Buy Aave?
First, you need to find out all available markets for Aave.
How to find all the markets for a cryptocurrency?
Go to Coingecko, search for your token and click on the markets tab. As you can see in the screenshot from Coingeck below, AAve is listed on all exchanges from Cryptocoinzone, including Kraken, Coinbase and Binance.
Pay tax on Aave interest rates
You have to pay tax on all interest payouts, including AAve interest rewards. Luckily, there are crypto tax software to help you automatize this.
We think Koinly is the best crypto tax software. They also supply a free version where you can test to import your transactions manually or via an API. All instructions are written step-by-step in Koinly.