Aave (AAVE)

€ 360,04

3,19 % € 11,49

Aave Price in Euros

(AAVE to EUR)

€ 360,04

Aave Volume

(24h)

€ 1.36 B

Market Cap

(Aave)

€5.4 B
BTC

What is Aave

Ethereum-based cryptocurrency Aave is a decentralized lending platform that allows its users to borrow, lend, and earn interest using cryptocurrencies. Those who borrow are required to deposit collateral in the form of cryptocurrency. Lenders have access to a liquidity pool that allows them to earn interest based on the available cryptocurrency amount for borrowers.

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How does Aave work?

Aave lenders deposit funds that are then placed into its liquidity or lending pools. When a user borrows, he has to provide a collateral higher than the amount he intends to borrow. The borrower then draws the funds from the lending pools. The lender decides if the tokens are to be transferred or traded.

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How to buy Aave?

Buying Aave is easy as it is widely available via a crypto exchange network such as Coinmerce. Simply create a Coinmerce account, choose your preferred payment method, and purchase Aave.

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How to buy Aave?

You want to buy Aave? You can buy Aave using Creditcard or SEPA at Coinmerce. Once you are logged in, you will see "Coins" in the top menu where you click on. Now you come to a page with all crypto coins that Coinmerce offers. If you don't see Aave, use the search function to search for Aave and click on the name. You can indicate for how many euros you want to buy Aave in the right window. Below is shown how much Aave you get for this. Have you entered the correct amount? Then click on "Buy". You can also execute a "Stop limit order" at Coinmerce. Our system will automatically buy Aave when the price of Aave reaches your entered value. You can also execute a repeating order. Do you want to buy Aave with another crypto currency? Then you go to the cryptocurrency you want to pay with and click on "Swap" in the right window to indicate that you want to receive Aave.

History

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About Aave

Aave traces its beginnings to 2017, when a student named Stani Kulechov and some developers created ETHLend. Kulechov’s goal was to build a platform that matched borrowers with lenders by posting loan offers and requests. ETHLend worked for a while. However, in 2018, it started having problems, mainly because of how difficult it often was to match loan offers. The group was also struggling with liquidity issues. This development led them to overhaul the project and not long after, Aave was born. ETHLend continued to operate as subsidiary of the new platform. There are two types of Aave tokens. aTokens are for lenders. It is utilized for collecting deposit interest. AAVE tokens, on the other hand, are the native Aave tokens. Users who use the AAVE for their loans are not charged with any fee. Aave is recognized as one of the most active Ethereum-based decentralized lending systems. Its deposits in mid-2020 totaled to approximately $158 million.

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Founder Stani Kulechov
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Founded 2017
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Industry Credit
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Website Website
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Network Ethereum
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Location Estonia
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Rank 28
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Market Cap 5.4 B
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Trading volume 1.36 B
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Maximum coins 0
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Circulating 15.01 M
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