Aave
-2.53%| Attribute | Details |
|---|---|
| Market Cap Rank: | 57 |
| Genesis Date: | |
| Block Time: | 0 minutes |
| Hashing Algorithm: | |
| Watchlist Users: | 249,932 |
Price Changes
- 24h:-2.53%
- 7d:-7.54%
- 30d:19.88%
- 1y:-73.66%
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.