OpenSky x AAVE

OpenSky Finance
2 min readMay 5, 2022


OpenSky Finance is a decentralized peer-to-pool NFT lending protocol where crypto lenders can earn safe passive income and NFT HODLers can borrow instantly using their NFTs as collateral.

AAVE is a decentralized non-custodial liquidity protocol where users can permissionlessly and trustlessly participate as depositors and borrowers. Depositors provide liquidity to the market to earn a passive income, while borrowers are able to borrow in an overcollateralized(perpetually) or undercollateralized (one-block liquidity or flash loan) fashion.

AAVE has awarded OpenSky Finance an integration grant — securely passing all OpenSky crypto deposits to AAVE, enabling OpenSky lenders to safely earn attractive AAVE interest income and NFT loan interest from OpenSky borrowers, while substantially adding to AAVE’s TVL and introducing NFT lovers to AAVE’s world-famous lending dApp.

OpenSky Finance Benefits

Most lending markets don’t fully utilize all the deposits in the lending pool. OpenSky has solved this problem with our DeFi Money Legos integration with AAVE. Our lenders earn 100% of the AAVE passive income plus the NFT loan interest paid by our borrowers.

Also, we know our DeFi users will feel very confident depositing large quantities of crypto into our lending protocol knowing that AAVE has a strong Lindy effect and has been battle-tested against hacks and exploits.

AAVE Benefits

OpenSky Finance will pass all OpenSky crypto deposits to AAVE which will add a substantial amount of TVL to the AAVE lending protocol. Another major benefit for AAVE is that many OpenSky NFT HODLers will help expand AAVE’s ecosystem by taking out their first NFT loan on OpenSky Finance and using the borrowed crypto for DeFi activities.

Together, OpenSky and AAVE will lead the NFT lending space and emerge as the winner in the great NFT Lending Summer that is just getting started.

In conclusion, OpenSky Finance and AAVE share a grand vision for an unlimited Future of Finance: Everyone, anywhere, at any time will be free to lend, borrow, and earn benefits from both fungible and non-fungible digital assets.

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OpenSky Finance

A DeFi protocol that enables NFT stakers to value their NFTs and borrow on demand while maintaining control.