I'll get to the point in a second, but the reason I've decided to write this post is that Leo Finance is having a writing contest for new users. @leofinance/1000-hbd-giveaway-tell-us-your-top-crypto-in-this-bull-run-

While I'm not a new user, it gave me a reason to write this post.

With all that said, the project I'm the most bullish on is . . . drum roll please.

Bullish on AAVE

Why you may ask?

DEFI is dead!

The current sentiment in Defi is pretty terrible. It reminds me of the post-ICO bear market for Ethereum.

Everyone is sleeping on it, it's "dead", no one is using it, and no one is talking about the tokens or buying them.

To me, Defi Summer was the peak ICO Ethereum and now no one is paying attention to the potential run that will happen this bull market for DEFI and all of the building they've been doing.

Hoping to Avoid Capital Gains

I'm hoping to use AAVE to avoid having to sell my crypto.

This will allow me to potentially avoid selling my crypto and paying capital gains taxes, all while being able to take some nice profits and pay down some real-life debt.

I should be able to do this by posting my crypto as collateral and then taking out a loan.

Then, as I pay off my loan, I'll be able to put aside more money into savings. As my savings start to grow, I'll be able to dollar cost average back into crypto during the bear market.

A win/win if you ask me.

Passive Income

You can earn crypto passively by staking your crypto on AAVE which is then loaned out to other users.

Currently, you can earn over 20% USDC on the Polygon market on AAVE as well as varying returns on other crypto and stable coins on other blockchains like Base, Ethereum, Arbitrum, etc.

As the price of crypto starts to fall and people run to stables, cryptocurrencies interest will rise and the interest you can earn on stables will begin to fall.

Risk

It's important to note, that just like any other crypto project, there is plenty of risk involved.

Risk that the smart contract could be exploited, and someone could steal all the crypto from the AAVE project.

There's a chance that your loan could reach a liquidation point and all the money that you're using as collateral for that loan could be called.

Conclusion

I'm in it for the tech.

I'm so happy AAVE is on low-fee blockchains such as Polygon and Base so I can use it with the small amount of funds I have without losing all my money paying fees.

I know I'm going to end up holding all my crypto to 0 again in this bull market, but on the off chance I do follow my plan, it could end up working over very well for me thanks to what AAVE allows you to do.

If I'm able to farm a little AAVE along the way, well that would just be a happy accident as well and as always . . . .