Decoding AAVE

Decoding AAVE

What is AAVE?

AAVE is the first decentralized lending protocol built on Ethereum. It was launched as ETHLand &  raised $16 million in the ICO.

Face of AAVE

Stani Kulechov founded AAVE in 2017. The company is registered in Switzerland.  Also check-

Where does  AAVE stand?

Acc. to DeFiPulse, AAVE is ranked at number 2 among the top lending platforms in crypto space. Growing despite the market crash

What is AAVE Coin  used for?

AAVE coin is the native currency of AAVE protocol. It is used for governance, staking, risk mitigation & ecosystem incentives.

Does AAVE work  like a bank?

Yes but better. AAVE is a crypto lending & borrowing protocol that work automatically without 3rd party interference.

AAVE Stablecoin

AAVE has announced the launch of new algorithmic stablecoin GHO. It will be backed by over-collateralized loans. Details -

Types of Loans issued?

1. Overcollateralized loan 2. Flash Loan Checkout how it works with AAVE aTokens -

AAVE V2 & V3

AAVE has upgraded itself to new versions V2 & V3. Check details -

Can AAVE reach $10,000?

AAVE protocol is one of the few & promising crypto projects. Looking at the increased mainstream adoption, it's possible for AAVE to hit $10,000 in 5-7 years.

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