After months of diligent work, we are proud to announce that Aerv Finance will be launching on Fuel! Aerv Finance is revolutionizing the staking landscape on Fuel with its cutting-edge liquid staking solution for the Fuel blockchain. Aerv is committed to facilitating sustainable yields on the Fuel ecosystem by connecting users with validators on the Ethereum blockchain. With a focus on unlocking the economic potential of capital, Aerv empowers users to stake their ETH, earn attractive returns, and still be able to use their locked capital to participate in Fuels vibrant DeFi ecosystem. Experience the future of staking with Aerv Finance and fuel your journey towards a bankless future.
The Aerv Protocol
The Aerv Protocol, is a collection of smart contracts with a web3 integrated frontend which allows users to conduct a series of functions pertaining to liquid staking. The Dapp allows users to Stake Fuel based Ethereum and receive the token avETH in return. The avETH token, minted upon deposit and burned upon withdrawal, represents the value of staked Ether in Aerv combined with the value of accrued rewards. Accrued rewards are represented through the rebasing mechanism which sees the quantity of avETH increase with every rebasing period to reflect the staking APY. In the case of Aerv rebasing is done daily. The rebasing nature of the avETH token makes it incompatible with some DeFi protocols hence through the Aerv Protocol the avETH token can then be wrapped into wavETH which is DeFi compatible. The wavETH token represents your share of total staked Ethereum and rewards unlike avETH it does not increase in quantity and instead increases in value as you receive staking rewards. The wavETH token can then be unwrapped into avETH at any moment through the Aerv Protocol. The Aerv Protocol also provides a dashboard through which users can monitor their entire Aerv portfolio and view total earned staking rewards. Finally there is a withdrawal menu that allows users to request a withdrawal and then claim their staked Ether once the processing time has been complete. All held avETH and wavETH tokens are then subsequently burned.
Benefits of Using Aerv
By utilizing liquid staking, users can enjoy the attractive stable yield of staking while simultaneously taking advantage of new trading and investing opportunities. This innovative approach offers a range of advantages:
Simplified Staking Process
When building Aerv the team has prioritized user experience allowing us to guarantee a seamless staking experience for users. The Dapp, in just five separate screens allows users to engage in every aspect of the liquid staking process. The Aerv Protocol allows you to be just a few clicks away from engaging in the bountiful validation of the Ethereum Network, eliminating the need for any node operator hardware setup and maintenance. We take all the hard work out of staking, letting you the user just enjoy the rewards.
Eliminating Financial Barriers
Aerv’s mission is to democratize the staking landscape allowing anyone to participate in the validation of the Ethereum Network and accrue rewards. In ordinary Ethereum staking holders are required to allocate 32 ETH minimum to be able to participate in the validation process. Aerv eliminates this exessive requirement by aggregating user funds. This means Aerv can accept deposits of any size allowing all Fuel based Eth holders to access Ethereum staking and reap the lucrative rewards.
Compounding Yields
Having staked on the Aerv platform users are issued avETH and are able to wrap avETH into wavETH. These tokens become versatile building blocks that can be used in other applications and protocols for a range of use cases. Some examples are using the tokens as collateral in lending applications, becoming a liquidity provider in a decentralized exchange or simply just trading your tokens to exit your staked ETH position.
Ethereum Staking on Fuel
Aerv’s main differential from the competition is that it allows users to participate in Ethereum staking directly from the Fuel L2 chain removing the need for bridging over assets to the Ethereum main chain. Additionally users can take advantage of Fuel’s transaction speed, minute gas fees and other technological superiority over using base chain Ethereum to allow for a much improved liquid staking experience.
Liquid staking provides an opportunity to maximize earning potential while simultaneously enjoying the best of both worlds, offering an alternative to exchange staking, solo staking, and other semi-custodial and decentralized protocols.