Aave

What Aave is (and why points farmers care)

Aave is a lending protocol. It lets you supply assets to earn interest and borrow against collateral. Even if you never touch Aave directly, lending protocols show up in points farming because they are a common building block for:

• Borrowing-based strategies (for example: borrowing a stablecoin to use elsewhere).
• Collateral-based access (some campaigns require deposits or collateral positions).
• Risk-on behaviors that points programs sometimes reward indirectly (more activity, more positions, more contracts touched).

The key framing is simple: a lending protocol is not “set and forget.” It is a position with moving parts. Rates change, collateral factors change, and liquidation risk exists whenever you borrow.

What we track for Aave on DeFi Farmer

This protocol page exists so you can evaluate Aave-related programs with less guesswork:

• A timeline of programs we track on DeFi Farmer (status, dates, and when we last verified the info).
• Official links and sources to reduce phishing risk.
• Editorial notes when a program is unclear, changed recently, or is commonly misunderstood.

If you are using Aave as part of a broader campaign, you should also use the “verification” and “timelines” guides so you know what evidence to look for and how snapshots usually work.

The risks that matter most on lending protocols

Liquidation risk (the big one)

If you borrow against collateral, you can be liquidated if your health factor drops too low. This can happen without you doing anything “wrong.” Common triggers include:

• the collateral price drops;
• the borrowed asset price rises;
• interest accrues;
• protocol parameters change;
• network congestion makes it hard to act quickly.

Points are never worth getting liquidated over. If a campaign pushes users toward borrowing, treat it as a risk signal, not an incentive.

Smart contract and oracle risk

Lending protocols are complex. They rely on smart contracts, price oracles, governance, and risk parameters. A strong reputation lowers but does not remove risk.

Approval and signing risk

Lending workflows often involve multiple approvals and signatures. Bad approvals are one of the most common ways points farmers lose money, especially when they are juggling multiple sites and wallets.

If you want a simple refresher, read: Token approvals and Permit2.

A safer checklist before you interact with Aave for any campaign

This is a safety checklist, not a “how to farm points” guide.

1. Verify you are using official links (use the Sources section on this page).
2. Confirm network and market. Aave exists across multiple networks; markets and parameters are not identical.
3. Understand what can change:
   • interest rates can change quickly;
   • collateral settings can change;
   • liquidation thresholds matter more than points.
4. Keep records (timestamps and transaction hashes). Snapshots and eligibility checks are common in points campaigns.
5. Have an exit plan before you add any moving parts (borrowed positions, multiple steps, multiple chains).

For the mindset and process side, use: Points farming exit plan.

Common pitfalls in lending-related quests

Lending incentives often fail in predictable ways:

• People copy a strategy without understanding the liquidation path. If you borrow, you need to understand what can trigger liquidation and how you would respond under stress.
• Users assume “supplying” is always low risk. Supplying is usually simpler than borrowing, but it is still exposed to protocol and market conditions.
• People mix wallets and lose track of eligibility. If you use multiple wallets, write down which wallet did what. Otherwise “points debugging” becomes guesswork.

If a campaign involves borrowing, add one more check: confirm whether the rules mention minimum time-in-position, specific markets, or excluded assets. It’s common for incentives to only count certain markets or to exclude behaviors that look like abuse.

FAQ (Aave + points farming)

Is supplying on Aave “safe”?

It can be reasonable for some users, but “safe” depends on the asset, the network, the market conditions, and your own risk tolerance. Supplying still carries smart contract and protocol risk.

Is borrowing for points a good idea?

Borrowing increases complexity and risk. If your only reason to borrow is points, you’re optimizing for an uncertain upside while taking a concrete downside.

What should I verify before I assume an Aave-related campaign is real?

Start with: How to verify a points program is real. Look for official UI evidence and dated announcements, and be suspicious of campaign claims that only exist on random aggregator sites.

How do I keep track of eligibility and snapshots?

Use: Points program timelines and snapshots and the recordkeeping template: Questing recordkeeping template.

Official references (primary sources)

• Website: aave.com
• App: app.aave.com
• Docs: aave.com/docs
• X / Twitter: @AaveAave

Next steps

• Browse all programs: Points directory
• Compare lending-related programs: Lending category
• Review wallet hygiene before you touch multiple protocols: Wallet hygiene for points farming