Aave is a decentralized financial system that enables users to lend and borrow cryptocurrency. Lenders can earn interests by depositing digital assets into specially designed liquidity pools, while borrowers can then use this liquidity to take out a ...Moreflash loan using their crypto as collateral. When it was started in November 2017, Aave (which means "ghost" in Finnish) was known as ETHLend; however, it was rebranded to Aave in September 2018. LEND is the native cryptocurrency of the platform that functions as a governance token, providing owners a role in the protocol's future development. It also rewards holders with lower platform fees. The project enables users to borrow and lend in around 20 different cryptocurrencies, giving them more options. "Flash loans," which have been characterized as the first uncollateralized loan option in the DeFi industry, are one of Aave's signature products.
A quick snapshot of Aave [OLD] ROI (return on investment) over different time periods.
A successful project is based on a foundation of a well experienced team. Take a closer look into Aave [OLD]'s team.
Projects with a public Github account have more transparency and reliability. It's best to invest in projects with multiple contributors and commits (code developed and pushed to Github).
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Projects with low liquidity and smaller market cap are generally more risky. As the projects become more popular and traded with more people, they are less volatile and considered better investments.
Check the historical data and price changes on Coingecko.com
We do not have any data on the market cap and liquidity of this project.
Project announcements and news have a significant impact on the price. Below are live updates from Aave [OLD]'s Twitter and Reddit accounts.
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