What is Aave REN v1
Aave REN is an interest bearing token minted upon deposit and burned when redeemed. The aREN is pegged 1:1 to the value of the underlying REN that is deposited in Aave protocol. aREN, can be freely stored, transferred, and traded. While the underlying asset is loaned out to borrowers, aREN accrue interest in real time, directly in your wallet!
Aave REN v1 vs Stoic
It's almost impossible to predict which cryptocurrency will eventually emerge as the leader.
There is no guarantee that In 5 years, AREN would still even exist. Another faster and cheaper blockchain might capture the majority of developers, users, and capital. Or some critical failure of AREN might derail its progress.
Because the probability of guessing the winner is low, it's better to use a portfolio approach and buy all possible contenders, including AREN.
Stoic builds a portfolio by using hedge fund-grade quantitative research and AI to build a portfolio of crypto assets.
The algorithm analyzes price data, returns, volatility, correlations, and other factors to identify coins that are likely to go up. It then rebalances the portfolio daily to cut losses early and take profits regularly. Stoic is a great alternative to researching coins and trading manually.
Over 12,000 people already use Stoic to automate their crypto investing.