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    $60.8467 $ 60.8467
    +¥5204,24 0.6% 1D
    1D 1M 1Y ALL
    LOADING DATA
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    Market Cap (USD)
    863.95M
    24H Volume
    128.4M
    Circulating Supply
    14.18M AAVE
    Max Supply
    16M AAVE
    All Time High
    661.69
    Rank
    51

    About Aave (AAVE)

    Aave is a crypto market based on Ethereum, which allows users to borrow and lend various digital assets from stablecoins to Altcoins. In November 2017, Stani Kulechov led a development team to launch ETHLend in the form of Initial Coin Offering (ICO).

    ETHLend is a decentralized p2p lending platform that allows people around the world to obtain loans or become lenders. As a decentralized platform, using blockchain technology, they can enable you to obtain loans or financing in a safe way in a few minutes. Since its first release, many functions have been added, such as Bitcoin as collateral, crowdfunding, partial collateral calls, new tokens, such as stablecoins, more than 150 + ERC20 collateral and more.

    In September 2018, ETHLend was renamed Aave, "Aave" is a Finnish word, which means "ghost". "Ghost" represents Aave's efforts to create a transparent and open infrastructure for decentralized finance. Aave is headquartered in London, UK, and consists of 18 innovative and creative industry leaders.


    How does Aave (AAVE) Work?

    Aave works on the Ethereum network using smart contract technology. These contracts are automatically executed and use blockchain technology to ensure higher security. In this agreement, there are usually two parts: lender and borrower.

    For lenders, it works as follows:

    Aave allows you to borrow up to 17 cryptocurrencies. Interest is paid by aTokens and AAVEs.

    For the borrower:

    If you own Ether, Bitcoin or other tokens and need a loan, Aave can meet your requirements. Without the bureaucratic red “tape”, it is easy to obtain a loan without using it as collateral to sell your valuable assets.


    What is Aave (AAVE)?

    Aave is a decentralized protocol that provides liquidity to the market. What does this mean? You can borrow stablecoins, Ether or Bitcoin marked on the blockchain. By reducing the traditional intermediaries in the banking sector, Aave provides a great opportunity for those who need money or want to obtain higher income when lending.


    Aave (AAVE) Crypto Wallet

    In addition to placing AAVE in the Gate.io exchange to facilitate trading, AAVE can also be placed in a crypto wallet.

    Aave wallet is a wallet that can store and manage AAVE cryptocurrency. There are a variety of Aave wallets that allow you to store, lend, buy, sell or collateralize AAVE.

    Each Aave wallet works differently. Some wallets let you control your private key, while others manage them for you. In the final analysis, the wallet only helps you interact with the blockchain, which is how it works at the most basic level. Everything else is a question of which wallet you choose.

    Aave hardware wallet is the ideal choice for long-term storage of cryptocurrency assets. Ideally, you want to keep some on your mobile phone or online wallet for payment, transaction and collateralization, while securely storing the rest in a secure hardware wallet. Ledger series hardware wallets are very popular and recommended by most advanced cryptocurrency users. Trezor is another brand worth mentioning.

    In addition, in the Aave ecosystem, the recommended wallets include Argent, Frame, Trust Wallet and Gnosis for reference.
    Expand

    Aave Market

    Currency Price 24H Change Action
    AAVE /USDT
    5X Margin
    $60.8467 +0.6% Trade
    AAVE /USDT
    Futures
    $61.327 +1.39% Trade
    AAVE /USDT
    Spot
    $60.8467 +0.6% Trade

    Aave News

    News
    Announcements
    Aave Feeling the Squeeze Even After Failed Attempt by Mango Hacker

    Aave Feeling the Squeeze Even After Failed Attempt by Mango Hacker

    The trader who exploited Mango Market failed to do the same on Aave. But he did prove a point, and left Aave with $1.6 million in bad debt.
    Source: decrypt Posted: 2022-11-26
    Aave proposes governance changes after failed $60M short attack

    Aave proposes governance changes after failed $60M short attack

    The exploit failed due to a miscalculation of Aave's liquidity levels.
    Source: cointelegraph Posted: 2022-11-23
    Mango Exploiter's Funds Get Liquidated After Roiling Aave Using $20M of Borrowed Curve Tokens

    Mango Exploiter's Funds Get Liquidated After Roiling Aave Using $20M of Borrowed Curve Tokens

    A trader identified as Avraham Eisenberg, who became infamous for his “very profitable trading strategy” of exploiting $114 million from Mango Markets, borrowed tens of millions of Curve DAO tokens and sent them to an exchange – but his position appears to have gotten liquidated.
    Source: coindesk Posted: 2022-11-22
    Mango Markets hacker allegedly feigns Curve short attack to exploit Aave

    Mango Markets hacker allegedly feigns Curve short attack to exploit Aave

    It appears that shorting of CRV tokens was a distraction shot to exploit a sophisticated loophole on DeFi platform Aave.
    Source: cointelegraph Posted: 2022-11-22
    Gemini Dollar Lending Rates Spiked as High as 73% on Aave Amid Genesis Freeze

    Gemini Dollar Lending Rates Spiked as High as 73% on Aave Amid Genesis Freeze

    With Genesis, one of Gemini's lending providers, suspending withdrawals, rates on Aave went haywire as speculators fled GUSD or shorted it.
    Source: decrypt Posted: 2022-11-16
    Twitter Won’t Go Web3 ‘Anytime Soon’: Aave CEO Stani Kulechov

    Twitter Won’t Go Web3 ‘Anytime Soon’: Aave CEO Stani Kulechov

    Stani Kulechov believes that Web3 social media will be less of an update of Web2 and more of an interoperable network of new platforms.
    Source: decrypt Posted: 2022-11-08
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