Aave (AAVE) | Buy Aave Now |
---|---|
Aave (LEND) is a cryptocurrency token and operates on the Ethereum platform. Aave is a decentralized cryptocurrency lending platform. In fact, it was the first DeFi lending protocol when it launched its first main net as ETHlend. | |
CVIX | 35 |
Current price | $89.98 |
Change 24h | 2.75% |
Change 7d | 4.83% | Market Cap | $1 332 824 226 |
Available supply | 14 812 638 AAVE |
Volume 24h | $64 734 283 |
Updated | Friday, May 10, 2024 4:00:50AM UTC |
Nature | Coin |
Mineable | No |
Discussion | |
WWW | Website |
After | Price | Change |
1 day | $94.92 | 5.49% |
---|
General AAVE facts, technical details and Aave Cryptocurrency information
Aave (LEND) is a cryptocurrency token and operates on the Ethereum platform. Aave is a decentralized cryptocurrency lending platform. In fact, it was the first DeFi lending protocol when it launched its first main net as ETHlend in 2017 (this was before DeFi was even a thing!).
Aave allows users to lend and borrow cryptocurrencies in a decentralized and trustless manner. Simply put, there is no middle-man involved and no Know Your Customer (KYC) or Anti Money Laundering (AML) documentation is required to use the platform. In a nutshell, lenders deposit their funds into a “pool” from which users can then borrow. Each pool sets aside a small percentage of the asset as reserves to help hedge against any volatility within the protocol. This also conveniently allows lenders to withdraw their funds at any time.
Aave is strong of a +100k community, whose backing and feedback represent an integrated part of the company’s development process.
Aave offers 17 different assets for lending and borrowing including the Dai stablecoin (DAI), USD coin (USDC), True USD (TUSD), Tether (USDT), Synthetix USD (sUSD), Binance USD (BUSD), Ethereum (ETH), ETHlend (LEND), Basic Attention Token (BAT), Kyber Network (KNC), Chainlink (LINK), Decentraland (MANA), Maker (MKR), Augur (REP), Synthetix Network (SNX), Wrapped Bitcoin (wBTC) and 0x (ZRX). While this is an impressive list indeed, not all of them can be used as collateral for a crypto loan. Like other lending protocols within the space, Aave offers overcollateralized loans, meaning that a user must lock an amount of collateral that is larger (in USD) than the amount being withdrawn. This amount depends on the asset and ranges from 50-75%.
“Aave” is a Finnish word which translates to “ghost” in English. The ghost represents Aave’s focus of creating a transparent and open infrastructure for decentralized finance.
Depositors provide liquidity by depositing cryptocurrencies into lending pools which will then allow them to earn interest. Meanwhile, borrowers can obtain loans by tapping into these lending pools in either an overcollateralized or undercollateralized way. The loans do not need to be individually matched i.e. one lender to one borrower. Instead, deposits into the pool and the amounts borrowed/ collateral are used to make instant loans based on the pool’s state. There are currently 2 money markets that users can enter into, these are Aave and Uniswap. Aave will soon be supporting 2 more markets: Set and Next.
Aave’s aim is to fill in the gaps left by centralised fintech industry giants like PayPal, Skrill and Coinbase. Their main product is Aave Protocol, an open source and non-custodial protocol for creating money markets on the Ethereum blockchain.
Aave has one feature that sets it apart from the rest. Flash loans allow customers or to take out loans without any collateral. These flash loans enable a customised smart contract to borrow assets from Aave’s reserve pools within one transaction. The loan is made on the condition that the liquidity is returned to the pool before the transaction ends. However, if it’s not repaid by that time, the transaction gets reversed- which will effectively undo any actions executed until that point and guarantee the safety of the funds in the reserve pool.
Date | Open, $ | Min, $ | Max, $ | Market cap, $ |
---|---|---|---|---|
May 01 | 82.62 | 79.74 | 84.18 | 1 225 717 774 |
May 02 | 83.75 | 82.14 | 85.72 | 1 269 708 303 |
May 03 | 85.04 | 84.56 | 88.88 | 1 316 540 192 |
May 04 | 88.81 | 87.89 | 89.71 | 1 318 074 910 |
May 05 | 89.06 | 87.87 | 90.11 | 1 326 920 607 |
May 06 | 89.90 | 88.42 | 92.41 | 1 309 737 186 |
May 07 | 87.97 | 87.06 | 91.01 | 1 327 051 058 |
May 08 | 88.25 | 85.80 | 88.68 | 1 270 949 843 |
May 09 | 86.24 | 85.40 | 90.55 | 1 341 214 754 |
May 10 | 89.92 | 89.69 | 90.60 | 1 342 068 811 |
* Crypto Rating accepts no liability for any errors in the Aave information, AAVE Prices and AAVE's Market Cap. For the most up-to-date prices please visit the Aave's official website.
# | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
1 | BTC | Bitcoin predictions | 84% | 19 | $62 916.93 | 2.02% | 5.32% | $1 239 224 489 713 | ||
---|---|---|---|---|---|---|---|---|---|---|
2 | ETH | Ethereum predictions | 86.8% | 18 | $3 028.97 | 1.07% | 0.58% | $363 801 828 675 | ||
3 | USDT | Tether predictions | 91.6% | 1 | $1.000710 | 0.12% | 0.08% | $111 034 773 364 | ||
4 | BNB | Binance Coin predictions | 89.6% | 17 | $595.45 | -0.68% | 5.89% | $87 880 146 631 | ||
5 | SOL | Solana predictions | 81.6% | 34 | $154.13 | 7.01% | 9.42% | $69 091 930 201 | ||
6 | USDC | USD Coin predictions | 91.6% | 1 | $1.000016 | 0.01% | -0.02% | $33 084 205 955 | ||
7 | XRP | XRP predictions | 84% | 22 | $0.517626 | -0.81% | -0.87% | $28 655 361 991 | ||
8 | TON | Toncoin predictions | 72% | 50 | $6.43 | 8.18% | 20.96% | $22 335 738 353 | ||
9 | DOGE | Dogecoin predictions | 78% | 38 | $0.152426 | 4.42% | 15.16% | $21 984 499 171 | ||
10 | ADA | Cardano predictions | 83.6% | 30 | $0.465597 | 0.64% | 1.10% | $16 603 674 773 | ||
11 | SHIB | SHIBA INU predictions | 74.4% | 50 | $0.000024 | 3.86% | 3.22% | $13 879 394 355 | ||
12 | AVAX | Avalanche predictions | 77.2% | 40 | $35.80 | 3.75% | 6.06% | $13 631 687 421 | ||
13 | TRX | TRON predictions | 82.8% | 26 | $0.126884 | 2.17% | 3.83% | $11 101 866 173 | ||
14 | WTRX | Wrapped TRON predictions | 82% | 26 | $0.126436 | 2.07% | 3.37% | $11 062 569 619 | ||
15 | STETH | Lido stETH predictions | 96% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |
Crypto lending allows cryptocurrency owners to lend their coins to borrowers. They will gain some profit as a result of this. It's more like putting money in a savings account...
Identify opportunities, execute trades and manage your trading accounts with the Exness Trade app. Enjoy convenient deposits and withdrawals, a wide range of payment options...
Artificial intelligence (AI) chatbots have been gaining traction in recent times, where discussions are no longer around the relevancy of such tools...
One question all traders ask when registering with a broker is how secure their personal details are. There are several safeguards that protect traders' information...
AAVE price broke from its long-term downtrend after the launch of Aave v3 added support for six different blockchain networks in the DeFi space...
Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.
© 2015-2024 Crypto-Rating.com
The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.