Cryptos: 9 180
Exchanges: 4
Market capitalization: $3.56T
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Aave
AAVE

About Aave

Aave is a decentralized platform for lending and borrowing cryptocurrencies. Launched in January 2020, it enables users to lend, borrow, and earn interest on digital assets without intermediary involvement. When lending on the platform, users earn interest, and borrowers pay interest. Aave operates across Ethereum, Polygon, and Avalanche blockchains using smart contracts managed by a decentralized network of computers. Its native token is AAVE. Key features include depositing assets into pools that the protocol lends out, with over 30 pools available for Ethereum-based tokens like Tether, DAI, USD Coin, as well as cryptocurrencies such as ETH, BAT, and MANA. Depositors receive aTokens, for example, depositing ETH yields aETH. Borrowers must provide collateral, with borrowing limits based o...

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