Aave
1.92%| Attribute | Details |
|---|---|
| Market Cap Rank: | 55 |
| Genesis Date: | |
| Block Time: | 0 minutes |
| Hashing Algorithm: | |
| Watchlist Users: | 245,808 |
Price Changes
- 24h:1.92%
- 7d:-17.40%
- 30d:-17.14%
- 1y:-43.29%
Description:
Aave is a decentralized money market protocol where users can lend and borrow cryptocurrency across 20 different assets as collateral. The protocol has a native token called AAVE, which is also a governance token that lets the community decide the direction of the protocol in a collective manner. Lenders can earn interest by providing liquidity to the market, while borrowers can borrow by collateralizing their cryptoassets to take out loans from the liquidity pools.