30 Seconds to Learn DeFi Asset Management | AToken Step by Step Tutorial
Recently, DeFi becomes a hot topic in blockchain industry, and AToken just inked a strategic partnership with Aave.
AToken will set a specialized section for Financing and the first series of products in this section are provided by Aave.
This time 3 DeFi products will be online, including 2 stable coins, USDT and DAI, and one popular product in Aave, ETH.
Now let’s look at how to purchase DeFi products on AToken.
4 steps to complete the purchase process on AToken easily and smoothly.
Step 1: Download AToken Wallet v3.4.42
Scan the QR code below or visit AToken official website (https://www.atoken.com/) to download AToken wallet. If you’ve downloaded it before, please upgrade it to the latest version (v3.4.42). Make sure you back up the mnemonic phrase after downloading or upgrading it.
Step 2 Select “DeFi”, enter AToken Financing section
You can also click the upper right corner in Financing page to switch wallet, and your asset will be synchronized automatically.
Step 3: Select product, complete smart contract authorization
Contract authorization is a required before purchase. The authorization is to check whether the current wallet meets the conditions of DeFi product purchase.
Step 4: Purchase DeFi product
After authorization, enter the purchase amount, click Confirm, and enter password to complete the purchase.
Aave is an open source and non-custodial protocol enabling the creation of money markets. It enables users to earn interest on deposits and borrow assets. Anyone is able to access the code and build on it. Recently, the market value of Aave exceeded $70 million. Now Aave already supports 17 different crypto assets, of which 6 are stable coins.
Decentralized financial management belongs to DeFi, and the principle of DeFi is to provide a new financial service ecosystem without the permission of any central authority. Here, the users are the custodians of their own assets. In other words, the users have full control of their assets and have permission to access all non-intermediary market platforms.
In a nutshell, DeFi product has advantages of high security, flexible operation, and considerable income.
Download AToken and experience it right now!
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