What are the fees associated with using Aave?
The fees associated with using Aave depend on the type of activity being performed.
For example, when depositing or withdrawing funds from Aave, users are charged a 0.25% fee. When borrowing or lending funds, users are charged a variable fee based on the amount of funds being borrowed or lent.
This fee is determined by the Aave Protocol and is designed to incentivize lenders to provide liquidity to borrowers. Additionally, when transferring tokens between wallets, users are charged a 0.001 ETH transaction fee.
Finally, when exchanging tokens on Aave’s decentralized exchange (DEX), users are charged a 0.3% trading fee for each trade they make.
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