Aave
AAVE
#4 in
DeFi
#2 in
Lending
Long-term Value
62%
Market Cap
1.198.955.537
€
Price
84,85 €
Pre-sale
0,84 €
All-time High
541,28 €
Performance
0,00%
About Aave
Aave is a DeFi lending protocol that lets users lend and borrow cryptocurrency without having to go through a centralized intermediary.
What you need to know
What makes Aave unique?
Aave positions itself as liquidity protocol. This means Aave can become a central tool for the crypto market by providing liquidity in a simple and cost efficient way. Borrowers get stable rates and can borrow without collateral (flash loans).
Does it have customer proof?
Aave started as ETHLend in 2017 but was renamed after changing its lending strategy from direct loans to pool-based ones. IBM is a lead investor while liquidity went to several billions and holder count to 100.000 people since launch in 2020.
What is the utility of the token?
Users can earn interest by offering credits to others or they can get a credit themselves (flash loan). The AAVE token controls governance e.g. proposing, voting and deciding on new additions, features, assets and the protocol parameters.
Social Media Presence
Key People
Stani Kulechov
Co-Founder & CEO
Julien Gaillard
Technical Lead
Blockchain Technology
Ethereum
top
Polygon
top
Avalanche