|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.|
|Change 7d||7.23%||Market Cap||$848 605 202|
|Available supply||14 093 193 AAVE|
|Volume 24h||$91 245 739|
|Updated||Monday, November 28, 2022 9:00:02AM UTC|
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loans, meaning that a user must lock an amount of collateral that is larger (in USD) than the amount being withdrawn.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, $|
|Nov 19||58.36||57.41||58.70||827 202 502|
|Nov 20||58.61||56.36||61.17||794 245 289|
|Nov 21||56.17||54.67||57.07||784 861 470|
|Nov 22||55.95||51.21||56.68||798 746 627|
|Nov 23||57.30||56.77||58.43||814 954 226|
|Nov 24||58.35||57.68||59.15||822 005 961|
|Nov 25||58.15||56.96||59.59||829 794 868|
|Nov 26||59.01||59.01||61.56||856 173 534|
|Nov 27||61.71||60.52||62.96||886 898 950|
|Nov 28||61.52||59.62||62.11||848 605 202|
* 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||56.8%||88||$16 240.61||-1.80%||1.41%||$312 124 680 527|
|2||ETH||Ethereum predictions||61.6%||86||$1 174.73||-3.19%||4.91%||$143 756 826 010|
|3||USDT||Tether predictions||94.8%||1||$0.999656||0.01%||0.08%||$65 340 189 558|
|4||BNB||Binance Coin predictions||66.4%||66||$296.09||-5.68%||15.44%||$47 366 512 227|
|5||USDC||USD Coin predictions||93.6%||1||$1.000129||0%||-0.01%||$44 316 728 602|
|6||BUSD||Binance USD predictions||91.2%||1||$1.000369||0.01%||-0.06%||$22 395 787 629|
|7||XRP||XRP predictions||61.2%||75||$0.383432||-3.99%||9.04%||$19 286 169 244|
|8||DOGE||Dogecoin predictions||59.2%||89||$0.096021||-0.86%||27.21%||$12 739 192 925|
|9||ADA||Cardano predictions||61.6%||81||$0.306128||-3.70%||0.94%||$10 541 165 942|
|10||STETH||Lido stETH predictions||91.2%||1||$2 941.39||-0.40%||-3.32%||$10 258 752 564|
|11||MATIC||Polygon predictions||64%||68||$0.822534||-3.82%||3.23%||$7 184 273 125|
|12||DOT||Polkadot predictions||66%||72||$5.18||-3.91%||-0.19%||$5 909 367 523|
|13||DAI||Dai predictions||92.4%||1||$1.000041||-0.01%||0.02%||$5 660 340 456|
|14||WTRX||Wrapped TRON predictions||61.2%||79||$0.052693||-0.83%||5.23%||$5 357 648 670|
|15||LTC||Litecoin predictions||65.2%||70||$72.15||-6.36%||19.41%||$5 174 160 484|
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...
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