Josh Olszewicz, a popular cryptocurrency analyst, ran technical analysis on two altcoins’ price action: lending protocol AAVE and trustless custodian platform REN.
Aave (AAVE)
The AAVE protocol enables lenders to mint ERC20-compliant tokens, at a ratio of 1:1 to a supplied asset. Lenders receive continuous earnings that evolve with market conditions with a rate that reflects supply. Borrowers can opt for fixed or variable rate loans with a collateralization ratio and liquidation thresholds dependent on each asset. Variable interest rates adjust algorithmically based on supply and demand.
Ren (REN)
Ren (REN) is a multi-chain trustless custodian platform that holds digital assets so that they can be moved between blockchains. The Ren Virtual Machine (RenVM) wraps coins and mints a 1:1 backed ERC-20 token.
