AAVE Specifications

Type

TOKEN

Algorithm

Ethash

Protocol

POW

Start Date

02/10/2020

Max Supply

16,000,000

Circ. Supply

15,078,707

Website

Explorer

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Info

Aave (AAVE) is a decentralized finance (DeFi) protocol that enables users to lend and borrow cryptocurrencies without intermediaries. Operating across multiple blockchains, including Ethereum and Polygon, Aave facilitates seamless token swaps and is accessible through major exchanges, ensuring liquidity for its ecosystem.

Market Impact

Aave has significantly influenced the DeFi landscape by providing a secure and efficient platform for crypto lending and borrowing. Its support for token swaps has attracted a diverse user base, while its presence on major exchanges has increased liquidity and adoption, solidifying its position as a key player in decentralized finance.

History

Launched in 2017 by Stani Kulechov as ETHLend, Aave rebranded in 2020 to expand its DeFi services. The protocol introduced innovative features like flash loans and aTokens, enhancing user experience. Over time, Aave has integrated token swaps and secured listings on leading exchanges, broadening its reach in the DeFi space.

Features

Flash Loans
Aave offers uncollateralized loans that must be repaid within a single transaction block, enabling arbitrage and refinancing opportunities.
aTokens
Users receive interest-bearing tokens representing their deposits, which accrue interest in real-time, enhancing user engagement.
Rate Switching
Borrowers can switch between stable and variable interest rates, providing flexibility in managing loan costs.

Website

Explorer

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*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.