Aave (LEND): Price, Charts and Market Cap

Aave Aave website
Symbol LEND
Nature Token
Brief 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.
Discussion https://aave.com/
Last updated: Wednesday, October 21, 2020 1:00:02AM UTC
Crypto Volatility Index (CVIX): 58
Current price, USD: 0.507640
Market capitalization, USD: 189 542 763
Available supply: 373 380 206 LEND
Volume 24 hours, USD: 8 543 613
Mineable No

Aave general information

General LEND facts, technical details and general information about Aave crypto currency


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loans, meaning that a user must lock an amount of collateral that is larger (in USD) than the amount being withdrawn.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.

Historical data for Aave

We list daily Aave historical data for the past 10 days

Date Open, $ Min, $ Max, $ Market cap, $
Oct 12 0.501727 0.501076 0.517866 670 232 637
Oct 13 0.515539 0.510528 0.515601 668 068 048
Oct 14 0.514676 0.246502 0.539447 657 939 453
Oct 15 0.520210 0.508230 0.557634 662 485 858
Oct 16 0.509582 0.370511 0.535170 140 214 174
Oct 17 0.372879 0.370869 0.432408 151 488 422
Oct 18 0.406150 0.259748 0.491594 181 800 731
Oct 19 0.484940 0.475514 0.487025 179 340 947
Oct 20 0.480762 0.459533 0.508754 189 677 892
Oct 21 0.508013 0.507640 0.508013 189 542 763

LEND/USD Exchange Rates


LEND to USD price chart — 7 days

LEND to USD price chart — 30 days

LEND to USD price chart — 60 days

LEND to USD price chart — 6 months

Aave

Aave (LEND) price change (24h)

LEND price change 24 hours 5.59%
LEND price change 7 days -1.37%

Aave (LEND) Short Term Forecast

After Price Change
1 day $0.500604 -1.39%
1 week
1 month
6 months
1 year
Aave Price Prediction

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