Start Date
Max Supply
Circ. Supply
Aave is a decentralized non-custodial finance protocol where users can act on the network as depositors or borrowers. It was initially issued in 2017 with an Initial Coin Offering (ICO) that raised $16.2 million, known as ETHLend. In 2020 it was revised and rebranded to Aave protocol.

Aave is perhaps best described as a system of lending pool contracts, that allows depositors to earn interest when providing funds while borrowers can get overcollateralized loans using this liquidity. It is managed by a distributed network of computers running its software which approves the creation of lending pools with a support capacity of several different assets, many of which are stablecoins. As with other DeFi platforms, upon deposit, are minted interest-bearing tokens known as aTokens, which are pegged to the value of another asset. In the process where the asset is loaned out to borrowers, aTokens gain interest in real-time.

The protocol is implemented as a set of smart contracts on top of the Ethereum blockchain using the Ethash algorithm and Proof of Work consensus. Smart contracts guarantee safety and do not require a middleman. AAVE is an ERC-20 token with a finite supply of 16,000,000.
  • Open-source
    Aave protocol allows anyone to interact with a user interface client, API, or directly with the smart contracts on the Ethereum network. In this case, users can build any third-party service or application to interact with the protocol, enriching their product.
  • ATokens
    The tokens are pegged 1:1 to the value of the underlying asset that is deposited in the Aave protocol. ATokens can be freely stored, transferred, and traded.
  • Flash Loans
    Flash Loans is a feature that allows users to borrow any available amount of asset instantly and easily without any collateral. Such a feature is mainly designed for developers given the technical expertise required to execute one.
  • Switching Rates
    Aave Protocol provides a rate switching service which allows borrowers to lock in the interest rates of their loans or choose to keep floating rates.
*The indicators above, do not represent an investment advice and should not be treated as such. Please make your own research and risk assessment before exchanging your assets.
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