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Aave AAVE |
BUY
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$90.74 |
-4.84% (24h) |
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Marketcap |
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$1,396,063,598 |
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Volume 24h |
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$222,258,913 |
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Description
Aave (AAVE) is one of the world's leading decentralized non-custodial liquidity protocols, allowing users to lend and borrow a wide range of crypto assets. It introduced innovative features such as "Flash Loans," which allow for uncollateralized loans that are borrowed and repaid within a single transaction. The AAVE token is used for governance, giving holders the power to vote on the addition of new assets and changes to the protocol’s risk parameters. Additionally, AAVE can be staked in the "Safety Module" to act as a backstop for the system, earning stakers a portion of the protocol's fees in return.