Aave Buy Token

www.aave.com

Total Value Locked

$1.36B

USD Locked

$1.36B

ETH Supply Locked

218,584.86

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
  • 18 Sep 2020
  • TVL USD $1,361,265,574
  • TVL Change $-41,870,681.00
  • Total ETH Locked 201,486 ETH
  • ETH Locked 1d -57,795.03 ETH
  • 17 Sep 2020
  • TVL USD $1,403,136,255
  • TVL Change $18,055,207.00
  • Total ETH Locked 259,281 ETH
  • ETH Locked 1d 45,174.46 ETH
  • 16 Sep 2020
  • TVL USD $1,385,081,048
  • TVL Change $-96,998,797.00
  • Total ETH Locked 214,107 ETH
  • ETH Locked 1d 66,713.20 ETH
  • 15 Sep 2020
  • TVL USD $1,482,079,845
  • TVL Change $-29,309,109.00
  • Total ETH Locked 147,393 ETH
  • ETH Locked 1d -3,173.82 ETH
  • 14 Sep 2020
  • TVL USD $1,511,388,954
  • TVL Change $-54,597,815.00
  • Total ETH Locked 150,567 ETH
  • ETH Locked 1d 9,326.83 ETH
  • 13 Sep 2020
  • TVL USD $1,565,986,769
  • TVL Change $65,652,869.00
  • Total ETH Locked 141,240 ETH
  • ETH Locked 1d 61,132.58 ETH
  • 12 Sep 2020
  • TVL USD $1,500,333,900
  • TVL Change $-47,948,864.00
  • Total ETH Locked 80,108 ETH
  • ETH Locked 1d 23,443.44 ETH
  • 11 Sep 2020
  • TVL USD $1,548,282,764
  • TVL Change $105,407,607.00
  • Total ETH Locked 56,664 ETH
  • ETH Locked 1d -57,732.69 ETH
  • 10 Sep 2020
  • TVL USD $1,442,875,157
  • TVL Change $119,128,681.00
  • Total ETH Locked 114,397 ETH
  • ETH Locked 1d -31,321.05 ETH
  • 09 Sep 2020
  • TVL USD $1,323,746,476
  • TVL Change $-45,452,924.00
  • Total ETH Locked 145,718 ETH
  • ETH Locked 1d 80,910.15 ETH
  • 08 Sep 2020
  • TVL USD $1,369,199,400
  • TVL Change $-15,583,383.00
  • Total ETH Locked 64,808 ETH
  • ETH Locked 1d -25,820.72 ETH
  • 07 Sep 2020
  • TVL USD $1,384,782,783
  • TVL Change $59,313,087.00
  • Total ETH Locked 90,629 ETH
  • ETH Locked 1d -148,518.56 ETH
  • 06 Sep 2020
  • TVL USD $1,325,469,696
  • TVL Change $-149,927,423.00
  • Total ETH Locked 239,147 ETH
  • ETH Locked 1d 78,656.10 ETH
  • 05 Sep 2020
  • TVL USD $1,475,397,119
  • TVL Change $90,942,191.00
  • Total ETH Locked 160,491 ETH
  • ETH Locked 1d -25,071.30 ETH
  • 04 Sep 2020
  • TVL USD $1,384,454,928
  • TVL Change $-129,127,269.00
  • Total ETH Locked 185,562 ETH
  • ETH Locked 1d 35,732.14 ETH
  • 03 Sep 2020
  • TVL USD $1,513,582,197
  • TVL Change $-46,164,445.00
  • Total ETH Locked 149,830 ETH
  • ETH Locked 1d 31,465.02 ETH
  • 02 Sep 2020
  • TVL USD $1,559,746,642
  • TVL Change $40,619,683.00
  • Total ETH Locked 118,365 ETH
  • ETH Locked 1d -7,513.48 ETH
  • 01 Sep 2020
  • TVL USD $1,519,126,959
  • TVL Change $-178,685,776.00
  • Total ETH Locked 125,879 ETH
  • ETH Locked 1d -6,854.16 ETH
  • 31 Aug 2020
  • TVL USD $1,697,812,735
  • TVL Change $34,914,306.00
  • Total ETH Locked 132,733 ETH
  • ETH Locked 1d -25,523.89 ETH
  • 30 Aug 2020
  • TVL USD $1,662,898,429
  • TVL Change $112,735,557.00
  • Total ETH Locked 158,257 ETH
  • ETH Locked 1d 16,345.93 ETH