Kyle Samani, co-founder and managing partner of crypto and blockchain investment firm Multicoin Capital, is revealing his pick for the single best Ethereum-based decentralized finance (DeFi) asset to hold for the next two years.
Samani tells his 37,000 followers on Twitter why Aave (LEND) is his top bet among DeFi platforms.
“If I had to hold a single Ethereum based DeFi asset for 2 years, it would be AAVE. By far the best combination of product/market fit, token distribution, community, pace of innovation, and reasonable valuation with upside to go”
Aave is a small-cap crypto asset that allows depositors to generate interest by contributing liquidity to lending pools. Borrowers rely on the liquidity pools to get collateralized loans. According to Binance, Aave supports over 15 different digital assets including a wide array of stablecoins.
Earlier this year, Aave started to offer flash loans, which enable developers to borrow without putting up collateral.
