Aave AAVE
Cryptocurrency · DeFi · Not Mineable · launched in 2020
№40of 40 004
- $124.88
- Price −3.66%
- $2.13 billion
- Capitalization
- $234.14 million
- Volume over 24 hours
- 0.08%
- Dominance
About the coin
- Circulating supply
- 15.44 million AAVE
- Total supply
- 16 million AAVE
- Maximum supply
- Unlimited
- Fully diluted capitalization
- $2.2 billion
- 24h high
- $131.19
- 24h low
- $123.68
Aave (AAVE) is one of the largest decentralized protocols in the decentralized finance (DeFi) space, launched on the Ethereum network [Binance]. The project allows users to lend and borrow various crypto assets through liquidity pools without intermediaries like traditional banks. Depositors provide liquidity to the platform and earn passive income in the form of interest.
Borrowers can instantly obtain a loan by providing excess collateral in another cryptocurrency. One of Aave protocol's unique innovations is Flash Loans, which allow borrowing funds without collateral within a single transaction. The native AAVE token performs important governance (DAO) and security functions for the entire ecosystem.
Additional information
FAQ
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Aave is a leading decentralized finance (DeFi) protocol based on smart contracts. It allows users to lend and borrow cryptocurrency directly without banks or intermediaries through automated liquidity pools.
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Users can deposit their digital assets into Aave liquidity pools as liquidity providers. For providing funds, the platform accrues passive income in the form of floating interest rates (APY), which are generated from fees paid by borrowers.
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To obtain a loan, the borrower must provide excess collateral (security) in another cryptocurrency. The loan amount is always less than the collateral value (LTV ratio). If the market price of the collateral asset falls below a critical level, the position will be automatically liquidated by a smart contract.
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Flash loans are a unique DeFi tool that allows you to instantly borrow a large amount of cryptocurrency without any collateral. The main condition is that the loan must be borrowed and fully repaid with a fee within a single blockchain transaction. They are typically used by developers for arbitrage.
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The AAVE token is used for decentralized platform governance (DAO), giving token holders the right to vote on protocol changes. Tokens can also be staked in the Safety Module to protect the system from liquidity shortfalls and earn rewards in return.
Legal status of crypto assets in Uzbekistan
This section is for reference only and shows global market data. MONIQ is not a crypto asset service provider, does not carry out operations with crypto assets and does not give individual investment advice.
- Crypto assets are not legal tender in the Republic of Uzbekistan: they cannot be used to pay for goods and services, except in cases directly established by law.
- Residents may buy, sell and exchange crypto assets only through providers licensed by the NAPP — crypto exchanges, crypto shops, crypto depositories and mining pools registered as legal entities resident in Uzbekistan.
- The register of licences is maintained by the National Agency of Perspective Projects. Licences are issued and revoked, so the composition of the register changes — check the status of a venue at the moment of the transaction.
- Until 1 January 2029 transactions with crypto assets are not subject to taxation, and income from them is not included in aggregate income.
- Crypto assets are not traded on the RSE «Toshkent» and are not available through a broker account. There are no guaranteed returns, investments are not insured, and the price may change by tens of percent in a short time.
The information does not replace legal advice. Regulation changes — before any transaction check the current wording of the law and the register of licences at .