Aave Buy Token

www.aave.com

Total Value Locked

$478.9M

USD Locked

$478.9M

ETH Supply Locked

85,283.88

Blockchain

Ethereum

Change

-0.36%

What is aave?

Aave is an open-source, non-custodial protocol based on the Ethereum blockchain, which allows lending and borrowing assets in a totally decentralized way. 

Its native token is called LEND. At present, about a month after its launch, the platform supports 16 different assets, including stablecoins, tokens and cryptocurrencies, 13 of which can be used as collateral. 

The innovating aspect of these non-custodial tools is that the platform has no custody on user-owned assets. This means that, if Aave decided to shut down, it would still be possible to retain control and ownership over the assets previously traded on the platform, however, it would be possible to access them through another interface.

When users deposit any asset, they are given the corresponding value in aTokens, a token issued using the ERC20 protocol, based on the exchange rate at that time.

The aTokens are pegged to the value of the deposited asset at a rate of 1:1 and accrue interest in real-time directly to the user’s wallet. 

Users who want to borrow a certain value have access to the resources of the LendingPool, the main smart contract of the protocol, which is made up of all the values deposited by the lenders. The borrowers can request the desired value from the assets available in the platform, taking into account the collateralization rate and the liquidation threshold; all the risk parameters can be viewed in the “developers” section of the official website.

Moreover, Aave gives the possibility to choose the interest rate on the loan, between fixed and variable. 

How to use aave?

In reality, the fixed one does not really reflect the peculiarity of the word, but it means that it is less volatile than the variable one. The variable rate is calculated on the basis of supply and demand of the asset to be borrowed; it benefits the user when there is less demand on that particular asset.

At the time of writing, DAI is the asset with the highest APR (Annual Percentage Rate), both on deposits (10.46%) and loans (fixed=27.51%, variable=12.34%).  

Another innovation worthy of note from Aave is the Flash Loan: it is a totally trustless loan that does not require a collateral deposit. Through the Flash Loan, it is possible to request a certain amount of liquidity from the reserve, which must be returned within the same transaction; the term "Flash" is explained here. 

It is possible to comment and follow the continuous evolution with other "Defi-friends", joining the Discord server named "Aave (LEND) Community", on GitHub writing "aave-protocol" and on the official Twitter profile. 

Aave Historical Stats

  • Date
  • TVL (USD)
  • TVL Change
  • Total ETH Locked
  • ETH Locked 1d
  • 05 Aug 2020
  • TVL USD $485,981,223
  • TVL Change $4,190,504.00
  • Total ETH Locked 84,434 ETH
  • ETH Locked 1d 1,954.06 ETH
  • 04 Aug 2020
  • TVL USD $481,790,719
  • TVL Change $-51,021,844.00
  • Total ETH Locked 82,480 ETH
  • ETH Locked 1d 1,575.09 ETH
  • 03 Aug 2020
  • TVL USD $532,812,563
  • TVL Change $38,903,148.00
  • Total ETH Locked 80,905 ETH
  • ETH Locked 1d 1,010.23 ETH
  • 02 Aug 2020
  • TVL USD $493,909,415
  • TVL Change $2,530,105.00
  • Total ETH Locked 79,895 ETH
  • ETH Locked 1d 1,938.53 ETH
  • 01 Aug 2020
  • TVL USD $491,379,310
  • TVL Change $30,316,131.00
  • Total ETH Locked 77,956 ETH
  • ETH Locked 1d 1,332.06 ETH
  • 31 Jul 2020
  • TVL USD $461,063,179
  • TVL Change $41,128,449.00
  • Total ETH Locked 76,624 ETH
  • ETH Locked 1d 6,057.59 ETH
  • 30 Jul 2020
  • TVL USD $419,934,730
  • TVL Change $31,471,535.00
  • Total ETH Locked 70,567 ETH
  • ETH Locked 1d 319.43 ETH
  • 29 Jul 2020
  • TVL USD $388,463,195
  • TVL Change $14,979,216.00
  • Total ETH Locked 70,247 ETH
  • ETH Locked 1d 2,117.95 ETH
  • 28 Jul 2020
  • TVL USD $373,483,979
  • TVL Change $-94,869,835.00
  • Total ETH Locked 68,129 ETH
  • ETH Locked 1d 3,184.43 ETH
  • 27 Jul 2020
  • TVL USD $468,353,814
  • TVL Change $-140,639,597.00
  • Total ETH Locked 64,945 ETH
  • ETH Locked 1d 2,146.87 ETH
  • 26 Jul 2020
  • TVL USD $608,993,411
  • TVL Change $51,218,417.00
  • Total ETH Locked 62,798 ETH
  • ETH Locked 1d 2,732.72 ETH
  • 25 Jul 2020
  • TVL USD $557,774,994
  • TVL Change $-24,311,299.00
  • Total ETH Locked 60,065 ETH
  • ETH Locked 1d 2,372.89 ETH
  • 24 Jul 2020
  • TVL USD $582,086,293
  • TVL Change $62,216,749.00
  • Total ETH Locked 57,692 ETH
  • ETH Locked 1d 10,844.59 ETH
  • 23 Jul 2020
  • TVL USD $519,869,544
  • TVL Change $41,947,119.00
  • Total ETH Locked 46,848 ETH
  • ETH Locked 1d -651.08 ETH
  • 22 Jul 2020
  • TVL USD $477,922,425
  • TVL Change $49,636,973.00
  • Total ETH Locked 47,499 ETH
  • ETH Locked 1d 1,905.47 ETH
  • 21 Jul 2020
  • TVL USD $428,285,452
  • TVL Change $68,597,168.00
  • Total ETH Locked 45,593 ETH
  • ETH Locked 1d 3,972.24 ETH
  • 20 Jul 2020
  • TVL USD $359,688,284
  • TVL Change $111,852,444.00
  • Total ETH Locked 41,621 ETH
  • ETH Locked 1d 11,032.82 ETH
  • 19 Jul 2020
  • TVL USD $247,835,840
  • TVL Change $12,949,483.00
  • Total ETH Locked 30,588 ETH
  • ETH Locked 1d 1,215.02 ETH
  • 18 Jul 2020
  • TVL USD $234,886,357
  • TVL Change $7,528,152.00
  • Total ETH Locked 29,373 ETH
  • ETH Locked 1d -1,527.19 ETH
  • 17 Jul 2020
  • TVL USD $227,358,205
  • TVL Change $10,315,148.00
  • Total ETH Locked 30,900 ETH
  • ETH Locked 1d 1,264.70 ETH