|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||-3.56%||Market Cap||$842 596 491|
|Available supply||13 900 916 AAVE|
|Volume 24h||$131 684 440|
|Updated||Wednesday, June 29, 2022 4:00:02AM 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loans, meaning that a user must lock an amount of collateral that is larger (in USD) than the amount being withdrawn.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, $|
|Jun 20||54.00||51.10||61.92||836 322 408|
|Jun 21||62.04||61.13||73.88||936 165 559|
|Jun 22||65.71||62.07||65.75||880 551 355|
|Jun 23||62.58||62.58||68.59||921 488 239|
|Jun 24||68.17||65.71||70.83||984 482 598|
|Jun 25||71.85||67.51||74.65||977 601 676|
|Jun 26||69.97||66.29||72.42||921 362 948|
|Jun 27||65.63||63.67||67.79||908 776 419|
|Jun 28||65.39||60.22||68.43||837 131 443|
|Jun 29||60.08||60.08||61.38||842 596 491|
* 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||56.4%||92||$20 277.35||-2.12%||-0.29%||$386 889 430 746|
|2||ETH||Ethereum predictions||57.6%||90||$1 145.31||-3.04%||4.85%||$138 969 035 870|
|3||USDT||Tether predictions||92.4%||1||$0.998764||-0.01%||-0.03%||$66 742 331 401|
|4||USDC||USD Coin predictions||90.8%||1||$1.000530||0.03%||0.05%||$55 832 163 481|
|5||BNB||Binance Coin predictions||56.8%||89||$224.81||-4.04%||4.38%||$36 706 159 546|
|6||BUSD||Binance USD predictions||94.8%||1||$1.000787||0.10%||0.21%||$17 397 351 213|
|7||XRP||XRP predictions||63.2%||80||$0.335982||-2.23%||4.31%||$16 242 394 323|
|8||ADA||Cardano predictions||66%||75||$0.471136||-2.23%||1.44%||$15 987 555 258|
|9||SOL||Solana predictions||67.6%||66||$35.51||-5.44%||2.11%||$12 172 607 058|
|10||DOGE||Dogecoin predictions||62.8%||80||$0.066802||-4.36%||6.01%||$8 862 682 263|
|11||DOT||Polkadot predictions||63.2%||78||$7.30||-3.42%||-2.45%||$7 213 387 817|
|12||DAI||Dai predictions||94.4%||1||$1.000157||0.01%||0.09%||$6 718 514 631|
|13||TRX||TRON predictions||58.4%||91||$0.065880||0.37%||2.62%||$6 093 590 634|
|14||SHIB||SHIBA INU predictions||66.4%||74||$0.000010||-7.02%||4.64%||$5 528 798 046|
|15||LEO||UNUS SED LEO predictions||71.6%||50||$5.75||-1.33%||-2.42%||$5 482 403 972|
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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