AAVE Price usd_aave-new Price today

AAVE aave-new

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＄86.5698 +5.16%

Glob. Mkt Cap Rank： No.54

2024-08-07:09:36:37update

24H High

639.26

24H Turnover

34.82亿

Max Supply

0.0

24H TR

37.41%

24H Low

593.7

24H Vol

5505470.94

Curr. Issued

14759751.0

24H High-Low

+7.67%

ATH

5041.08

Highest Mkt Cap

92.97亿

Circulating Supply

14759751.0

Dominance

0.06%

ATL

185.25

Mkt Cap (Float)

92.97亿

Circulating Supply

92.25%

Issue Date

2020-10-03

Introduction

Latest News

News Flash

Basic information

Full Currency Name	/LEND
Currency Code	LEND
Coin Intro	"LEND is the token of the Aave platform, launched on December 1, 2017, with a total supply of 1,299,999,942 LEND. Aave was originally named ETHLend, founded by Stani Kulechov in 2017. ETHLend was later renamed to “Aave,” which translates to “ghost” from Finnish to English. The ghost represents Aaves mission to create a transparent and open infrastructure for decentralized finance. Based in London, Aave is comprised of a group of innovators actively shaping the future of finance. Aave is a global decentralized lending application built on Ethereum that connects borrowers and lenders worldwide. By leveraging ERC-20 standard tokens and ENS domains, users can collateralize any ERC20 token to borrow ETH. With these technologies, users can directly lend or initiate loans. In addition to token sales, creditors can set their desired interest rates to attract borrowers. Aave will develop an auction-like bidding mechanism, allowing borrowers to secure the lowest possible interest rates. Furthermore, Aave purchases LEND tokens for rewards, adding new functionalities to the LEND token, including featured loan listings, loan email promotions, etc. Both lenders and borrowers can sell 5% of the airdropped LEND tokens allocated to core developers. Marketing and promoting new members joining the ETHLend team comes with a clause that they cannot leave within six months, or they wont receive the token rewards. Additionally, Aave supports a robust token market for active lenders through an airdrop reward program, increasing usage and enhancing the intrinsic value of the LEND token. LEND Founding Team & Background: The advisory board includes Bitcoin Foundation founder Jon Matonis and renowned professor Wulf Kaal. Notably, Jon Matonis is a co-founder of the Bitcoin Foundation, having served in Visa’s management. He frequently appears on CNN, CNBC, and Bloomberg and is a columnist for Forbes magazine and CoinDesk. LENDs current price is $0.98988, with a 24-hour trading volume not currently available. There has been no change in LENDs value over the past 24 hours. Currently ranked #472 on BeeChecker, its market cap is not currently available. The circulating supply is 51.289 million LEND, out of a total supply of 1,299.99 million LEND."
Issue Date	1512086400000
All-Time High	$5.6364531
All-Time Low	$0.79025363
Total Supply	1299999941.7032
Circulating Supply	51289014.0889
Circulating Supply Percentage	0.03945308952991451
Market Cap	NaN
Fully Diluted Market Cap	$7.61447757223052e-10
Mkt Cap (Float)	$
Circulating Market Cap % of Global Total
Listed on Exchanges	0
Official Link	https://ethlend.io/
Whitepaper	https://github.com/aave/dlp-docs-abi
Blockchain Explorer	"https://etherscan.io/token/0x80fB784B7eD66730e8b1DBd9820aFD29931aab03", "https://ethplorer.io/address/0x80fb784b7ed66730e8b1dbd9820afd29931aab03"
Telegram	"https://t.me/ETHLend"
Github	https://github.com/ETHLend/DAPP
Twitter	https://twitter.com/ethlend1
FaceBook	https://www.facebook.com/ethlend
Reddit	https://www.reddit.com/r/ETHlend

Currency Introduction

Aave transitioned its platform token, LEND, to AAVE at a 100:1 ratio through Improvement Proposal (AIP1) on October 3, 2020 (block height 10978863).

Aave is an open-source decentralized lending protocol that offers deposit and borrowing services for users. The interest rates for borrowers and lenders are algorithmically calculated based on the volume of loans and deposits on the platform. Aave employs Chainlink oracles to ensure fair pricing of collateral.

Project Introduction

In September 2018, ETHLend rebranded as Aave, a Finnish word meaning "ghost." This name embodies Aaves commitment to building transparent and open infrastructure for decentralized finance. Based in London, UK, Aave is comprised of 18 innovative industry leaders.

ETHLend

ETHLend is a decentralized peer-to-peer lending platform enabling people worldwide to obtain loans or become lenders. As a decentralized platform utilizing blockchain technology, we facilitate secure loans or funding within minutes. Since its initial release, it has introduced features such as Bitcoin as collateral, crowdfunding, partial collateral calls, new currencies like stablecoins, over 150+ ERC20 collateral options, and more.

Aave Pay

Aave Pay is a service allowing European users to pay with their preferred cryptocurrencies (LEND, DAI, BTC, ETH, ADA, LTC, BCH, XLM, XRP, USDT, KCS, BNB) in fiat (currently euros). With this service, users can get a loan from ETHLend and send it directly to their bank account or cash out crypto without complex processes, simply by sending a transaction.

Decentralized Lending Pools

Aaves Decentralized Lending Pools complement the ETHLend P2P lending model, offering an improved lending experience. Under this new model, users can become lenders and borrowers by depositing assets into pools, earning passive income from their holdings, and using them as collateral for loans.

Compared to similar models, our Decentralized Lending Pools introduce new features and improvements, including the ability for borrowers to switch between fixed and variable interest rates at any time. They also provide an open-source protocol for anyone to build on top of the DLPs and use the service through our client interface, directly interacting with smart contracts via the ABI API.

Token Introduction

The token plays various roles in our products, offering distinct benefits.
In the decentralized lending pools we introduced, the token serves core/key features and utilities. It is required for different roles in DLPs, allowing users to deposit tokens into pools to earn passive income as lenders. The token will be burned according to fees collected by the protocol and used by token holders to vote on decisions within the protocol, such as adding new features. Tokens will be swapped to adapt to new products and add new functionalities.

What Makes AAVE Different from LEND?

AAVE, in addition to participating in community governance like LEND, introduces a new feature:
Users can stake AAVE tokens in the protocols "Safety Module" to serve as insurance in case of platform issues. Essentially, Aaves Safety Module can utilize up to 30% of locked assets to cover deficits if problems arise.
Users staking AAVE in the Safety Module receive security incentives. Initially, these incentives are 400 AAVE per day.
If a user wishes to withdraw AAVE from the Safety Module, they must activate a cooldown period (defaulting to seven days but subject to extension through community governance) before proceeding.