The Open-Source Protocol Powering Lending and Borrowing of Decentralized Finance (DeFi).
Aave (AAVE) Fact Sheet
- Aave (AAVE) is a decentralized finance (DeFi) based system facilitating open-source liquidity, primarily for lending and borrowing cryptocurrencies, without the involvement of third parties or custodians.
- Aave is non-custodial and open-source and was created in 2017 under the name ETHLend before rebranding to Aave.
- Aave cryptocurrency users can earn interest by providing liquidity within the lending pools, where the borrowers get overcollateralized loans by using the liquidity from the pools.
- Any tokens deposited into the Aave DeFi platform are tokenized as aTokens, providing real-time interest.
- AAVE is the native cryptocurrency utilized on the platform. It has numerous use-cases in its utility, including governance and fee reduction, and can also be burnt from the fees collected on the protocol.
- Aave Limited is a private company owned by its founder & CEO, Stani Kulechov, headquartered in London, UK.
- Aave Limited is authorized by the Financial Conduct Authority under the Electronic Money Regulations 2011 to issue electronic money to consumers and businesses. Firm Reference 900984.
AAVE Historical Data Price Chart in the U.S. Dollars (USD)
Aave Historical Data Price Chart in the U.S. Dollars (USD). Source: TradingView
What is Aave (AAVE)?
Aave is purpose-built to offer users access to cryptocurrency loans and savings accounts on a non-c