Aave
AaveAAVE61.00$ +-2.45%

A peer-to-peer lending platform on Ethereum

49 Rank
1.09B$ Market cap
20.59M$ 24H Volume

AAVE price live chart

61.00$-2.45%
Aave Price statistic
Aave price today
Aave price
61.00 $
Price change (24h)
2.45% -1.54 $
Trading volume (24h)
20.59M $
Market Dominance
0.104%
Market rank
#49
Aave price history
All Time High
May 18 2021 (1 year ago)
90.74% 663.00 $
Aave Market Cap
Market Cap
1.09B $
Aave Supply
Circulating Supply
14.12M AAVE

Download Aave wallet app

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Store & Transfer AAVE safely

Cropty is a convenient mobile app to store, transfer and receive Aave safely. Cropty supports multiple networks and cryptocurrencies. Investing in AAVE becomes easy with Cropty wallet.

Monitor your AAVE balance in USD

You can track your Aave value in 10 fiat currencies: USD ($), RUB (₽), EUR (€), INR (₨), THB (฿), KRW (₩), UAH (₴), GEL (₾), TRY (₺), GBP (£), BRL (R$).

Receive AAVE in BNB, ETH, MATIC networks

Cropty cryptocurrency wallet supports Bitcoin, Ethereum, BNB Chain, Polygon and Tron networks. To receive Aave in Binance smart chain (BEP-20), Ethereum (ERC-20), Polygon PoS chain (ERC-20) networks, just download the app, sign up and share your public address or QR-code with the sender.

Send Aave by mobile phone number with 0% fee

No more confusion with crypto public addresses: in the Cropty cryptocurrency wallet you can send Aave just by mobile phone number, QR-code and even a nickname! Make instant zero-fee Aave transfers in your usual ways.

AAVE wallet mobile app for iOS and Android

Get access to Aave right in your mobile phone or any browser. Cryptocurrency investments wallet is already available for Android and iOS. Download Cropty to invest in Aave online.

Aave basics

Name

Aave

Category

Financial

What is Aave?

Aave is an open-source and non-custodial protocol to earn interest on deposits and borrow assets with a variable or stable interest rate. It also enables ultra-short duration, uncollateralized flash loans designed to be integrated into other products and services.

Aave token type

Token name

AAVE

Token type

ERC-20

Token uses

Discount, Payments

What is Aave used for in 2022?

LEND tokens will be used to govern Aave protocol. Features include proposing, voting and deciding on new additions, features, assets and to decide on the protocol parameters. Additionally LEND token is burnt based on the fees gathered by the protocol.

Aave history and first price

Launch style

Crowdsale

How did Aave come about?

Aave began as ETHLend in 2017 after it raised $16.2 million in an Initial Coin Offering (ICO) to create a decentralized peer-to-peer lending platform. Later, they rebranded to Aave when they switched to a liquidity pool model. Aave launched the Aave Protocol in 2020, an open-source and non-custodial liquidity protocol where users can earn interest on deposits and borrow assets.

Aave roadmap 2022
Initial Coin Offering (ICO)
November 2017 ·

Aave (as ETHLend) raised $16.2 million

Re-brand to Aave
September 2018 ·

New parent company Aave announced

Aave protocol launch
January 2020 ·

Mainnet launch

Show more

Aave technology explained

Aave’s shifted from a decentralized P2P lending strategy (direct loan relationship between lenders and borrowers, like in ETHLend) to a pool-based strategy. Lenders provide liquidity by depositing cryptocurrencies in a pool contract. Simultaneously, in the same contract, the pooled funds can be borrowed by placing collateral. Loans do not need to be individually matched, instead, they rely on the pooled funds, as well as the amounts borrowed and their collateral. This enables instant loans with characteristics based on the state of the pool.

Flash Loans Aave also allows loans to be taken out without any collateral by creating logic that if it's not repaid within the block time, the transaction gets reversed. These flash loans are designed to be used by developers to build tools that require capital for arbitrage, refinancing or liquidating purposes. An example would be if a user took out a loan on Maker and the collateral price dropped making it close to liquidation, they could use a flash loan to repay the Maker loan and receive their collateral back. They could then sell the collateral to repay the flash loan thus avoiding the liquidation penalty on Maker without ever needing to actually have the funds necessary for repayment.

Rate Switching Another unique feature of Aave is that it allows borrowers to switch between fixed and floating interest rates. Interest rates in DeFi are traditionally volatile making it difficult to estimate the long-term cost of borrowing. If a user anticipates interest rates to rise they can switch their loan to fixed rate in order to lock in their borrowing costs for the future, and if they expect rates to decrease they can switch back to floating to then decrease their borrowing costs. There are two exceptions where the fixed rate can actually change and that is if the deposit earning rate increases above the fixed borrow rate because the system could get unstable by paying out more than its being paid. In that case, the fixed rate is rebalanced to the new stable rate. the other scenario which works in the borrower's favor is if the variable rate is lower than the fixed rate by 20%, the loan will automatically decrease to account for the difference.

Aave supply limit

General Emission Type

Deflationary

Precise Emission Type

Non-programmatic burn

Max supply

16000000

Aave supply curve details

As part of the LEND <> AAVE migration, tokens were swapped 100:1

Who funds Aave core development?
User photo
Alameda Research
Alameda Research was founded in October 2017. It manages over $100 million in digital assets and trades $600 million to $1.5 billion per day across thousands of products: all major coins and altcoins, as well as their derivatives.
User photo
Blockchain Capital
The pioneer venture capital firm focused exclusively on the blockchain technology sector and crypto ecosystem
User photo
Blockchain.com Ventures
User photo
Defiance Capital
Leading DeFi focused Cryptoasset Fund combining fundamental research and activist investment strategy.
User photo
DTC Capital
User photo
Framework Ventures
Framework Ventures is a team of technologists, researchers, and investors who invest and participate in open crypto networks. The firm was founded in 2019 by Michael Anderson and Vance Spencer.
User photo
Multicoin Capital
A thesis-driven cryptofund offering LPs venture capital economics with all the advantages of public market liquidity
User photo
Pantera Capital
Pantera Capital is an investment firm focused exclusively on ventures, tokens, and projects related to blockchain tech, digital currency, and crypto assets.
User photo
ParaFi Capital
User photo
Standard Crypto
User photo
Three Arrows Capital
Three Arrows Capital Pte. Ltd. is a hedge fund manager established in 2012 and focused on providing superior risk-adjusted returns, founded by Su Zhu and Kyle Davies.
Show more
USD to AAVE converter
USD
$
AAVE
coin

Aave consensus

General consensus mechanism

n/a

FAQ
1.What is the best app to store Aave?

Store Aave with Cropty cryptocurrency wallet by 3 simple steps:

  1. Download the app from the Apple AppStore or Google Play, or open your browser wallet.
  2. Create your Cropty wallet account with Face ID or Touch ID security options.
  3. Transfer AAVE from external wallet.
2. How can I receive Aave?

Receive Aave to your Cropty wallet by QR-code, phone number, e-mail and nickname:

  1. Download the app from the Apple AppStore or Google Play, or open your browser wallet.
  2. Create your Cropty wallet account, set up a nickname.
  3. Click ‘Receive’ and follow the instructions.
3. How can I store Aave safely?

You can transfer your Aave holdings and store it safely with Cropty wallet. Cropty secures safety of your holdings through various verification options like using password, authenticator app, Face ID, Touch ID and backup codes. You can be sure no one can get access to you Aave holding except you.

4. How to start investing in Aave easily and securely?

Start investing in Aave with Cropty cryptocurrency wallet by 3 simple steps:

  1. Download the app from the Apple AppStore or Google Play, or open your browser wallet.
  2. Create your Cropty wallet account, set your authentication settings.
  3. Transfer AAVE from external wallet.
5. Why should I choose Cropty to store and transfer Bitcoin?

The Cropty wallet provides the most convenient application for storing and transfering Aave. Cropty targets to become one the best crypto wallets for Android and iOS in 2022. Cropty provides convenient application and secure custodial services, built for crypto beginners, as well as for crypto-savvies.

6. How can I receive Aave as payment?

You can receive Aave as payment in Cropty wallet. It is a convenient mobile app to receive, store and transfer Aave AAVE safely and instantly. Open Cropty app, click ‘Receive’, follow simple instructions and get your Aave holdings immediately.

7. How can I receive Aave donations?

You can receive Aave donations instantly with Cropty wallet. Download Android or iOS app or open the web version, sign up, click ‘Receive’ and follow simple instructions. Share your address with someone who wants to donate you in crypto.

8. Can I send Aave without verification?

You can receive Aave donations instantly with Cropty wallet. Download Android or iOS app or open the web version, sign up, click ‘Receive’ and follow simple instructions. Share your address with someone who wants to donate you in crypto.

9. How can I send Aave without fee?

You can send Aave instantly without fee in the Cropty wallet. Download Android or iOS app or open the web version, sign up, click ‘Send’, choose ‘Send via e-mail, phone number or nickname’ and follow simple instructions.

10. How to make money with Aave?
  1. Sign up to Aave wallet.
  2. Top up your balance with Aave.
  3. Store, trade or deposit your Aave.
  4. Get Aave deposit interest directly to your Cropty wallet.
USD to AAVE converter
USD
$
AAVE
coin
Aave Price statistic
Aave price today
Aave price
61.00 $
Price change (24h)
2.45% -1.54 $
Trading volume (24h)
20.59M $
Market Dominance
0.104%
Market rank
#49
Aave price history
All Time High
May 18 2021 (1 year ago)
90.74% 663.00 $
Aave Market Cap
Market Cap
1.09B $
Aave Supply
Circulating Supply
14.12M AAVE
Cropty App
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