RiveX & Aave— Empowering DeFi Ecosystem Together!
Integration ofLENDandaTokensby Aave Protocol into RX Wallet.
RX Wallet — DeFi Applications Powerhouse
RX Wallet, the official wallet for the RiveX ecosystem, is a multi-chain wallet supporting a variety of assets from different chains including RVX, ETH as well as ERC-20 and WRC-20 tokens. RX Wallet is the core product and release for the RiveX ecosystem. It intends to bridge and integrate DAPPS not only from Wanchain but also from other ecosystems such as Ethereum, EOS, Binance Chain, Tron, etc.
LEND Integration — Convenience at your fingertips
We are excited to announce the recent addition to the RX Wallet, LEND Token! You can now easily transfer and manage your LEND assets from the RX Desktop Wallet.
LEND Token has been integrated into RX Wallet allowing users to access Aave Protocols LEND Token within RX Wallet, this removes the need to switch between different applications to manage your assets.
How to enable LEND in RX Wallet
Simply click on the + ADD MORE button under your current assets to add the LEND Token asset. To send and receive LEND, click on the red and green arrows on the right-hand side.
aTokens Integration — Watching your balance grow by the minute! (To be available in late Q2 or early Q3 2020)
aTokens are Aave interest-bearing tokens. The aTokens are pegged 1:1 to the value of the underlying asset that is deposited in Aave protocol. aTokens, such as aDai, can be freely stored, transferred, and traded.
RX Wallet is able to store ERC20 tokens. Therefore RX Wallet users may choose to translate their ERC20 tokens into aTokens and earn interest subject to Aave lending pairs. In the future, ERC-20 versions of RVX which will be minted via RiveX’s Lock and Mint Equilibrium (LME) for DeFi interoperability purposes can be translated into aTokens as well. Some features of the aTokens include:
1 to 1 Ratio: ATokens are pegged 1:1 to the value of the underlying asset that is deposited in Aave protocol.
Redirecting the Interest: The interest earned on aTokens can be redirected at any time to any public address.
Stablecoins: Earn interest on like aDai, aUSDC, and aUSDT.
About Aave Protocol
Aave is an Open Source and Non-Custodial protocol to earn interest on deposits & borrow assets. Headquartered in London, Aave is made out of a team of innovators with the focus on creating a transparent and open financial infrastructure by creating valuable stand-alone products, which together are even more valuable. Aave aims at building an ecosystem that helps people to enjoy easy and transparent services and to get the benefits of decentralized finance. Visit https://aave.com/