|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||0.78%||Market Cap||$1 097 895 656|
|Available supply||14 093 193 AAVE|
|Volume 24h||$58 799 289|
|Updated||Wednesday, March 22, 2023 1:00:03PM 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loans, meaning that a user must lock an amount of collateral that is larger (in USD) than the amount being withdrawn.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, $|
|Mar 13||72.97||71.33||76.71||1 078 370 900|
|Mar 14||76.04||75.50||81.37||1 113 870 342|
|Mar 15||79.35||72.45||80.37||1 042 181 802|
|Mar 16||74.00||73.64||75.31||1 052 937 392|
|Mar 17||75.09||74.18||79.91||1 126 148 725|
|Mar 18||80.63||78.62||81.36||1 108 028 956|
|Mar 19||77.76||77.76||81.54||1 131 688 820|
|Mar 20||79.61||76.61||79.82||1 083 244 645|
|Mar 21||76.10||75.10||78.88||1 104 735 733|
|Mar 22||79.05||77.57||79.05||1 097 895 656|
* 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||75.2%||48||$28 279.47||0.07%||13.63%||$546 494 314 501|
|2||ETH||Ethereum predictions||83.6%||31||$1 799.37||-0.44%||7.08%||$220 196 375 480|
|3||USDT||Tether predictions||94.4%||1||$1.001852||0.03%||-0.30%||$77 579 753 841|
|4||BNB||Binance Coin predictions||78%||46||$326.48||-3.19%||5.28%||$51 548 167 677|
|5||USDC||USD Coin predictions||94.4%||2||$0.999094||0.05%||-0.02%||$35 208 468 704|
|6||XRP||XRP predictions||86.8%||15||$0.442825||11.63%||20.07%||$22 562 333 716|
|7||HEX||HEX predictions||63.6%||81||$0.105163||5.10%||28.30%||$18 236 394 788|
|8||ADA||Cardano predictions||76.4%||51||$0.371643||7.97%||10.64%||$12 903 136 163|
|9||STETH||Lido stETH predictions||96%||1||$2 941.39||-0.40%||-3.32%||$10 258 752 564|
|10||MATIC||Polygon predictions||76.4%||48||$1.15||-0.34%||-2.20%||$10 039 890 799|
|11||DOGE||Dogecoin predictions||71.6%||55||$0.075145||1.86%||2.48%||$9 969 588 590|
|12||SOL||Solana predictions||73.2%||56||$22.53||-1.79%||9.39%||$8 642 061 823|
|13||BUSD||Binance USD predictions||93.2%||1||$1.000025||0.01%||-0.03%||$8 119 883 434|
|14||DOT||Polkadot predictions||75.6%||50||$6.29||0.46%||1.61%||$7 344 673 141|
|15||WTRX||Wrapped TRON predictions||84.8%||22||$0.067252||3.83%||1.45%||$6 837 900 813|
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...
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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