Aave (AAVE) logo
Aave (AAVE) logo

Aave (AAVE) Review

Contact
Site: aave.com
Expert Review
Nov 17, 2020

Aave is a decentralized finance protocol that allows people to lend and borrow crypto.

Lenders earn interest by depositing digital assets into specially created liquidity pools. Borrowers can then use their crypto as collateral to take out a flash loan using this liquidity.

Aave (which means “ghost” in Finnish) was originally known as ETHLend when it launched in November 2017, but the rebranding to Aave happened in September 2018. (This helps explain why this token’s ticker is so different from its name!)

AAVE provides holders with discounted fees on the platform, and it also serves as a governance token — giving owners a say in the future development of the protocol.

banner-image
Write review
Rating
Please choose your rating.
Your review

Leave your review about Aave (AAVE) here. Please note that your feedback may be crucial for the user when choosing a product, so try to avoid inaccuracies and unreasonable criticism.

Your Name
Your Email

Your Email will not be published

User reviews
Kate 7 May 2021
4.0

Nice, can recommend.

Site: aave.com
Similar companies
DATA (DTA) is the digital currency released in early 2018. DATA is listed on a number of exchanges. You can buy DTA with BTC or ETH.
Ren (REN) is an open protocol built to provide interoperability and liquidity between different blockchain platforms. Formerly known as Republic Protocol, Ren launched RenVM, its virtual machine mainnet, in May 2020, having completed a $34 million initial coin offering ICOin 2018.
Akropolis' mission is to give people the tools to save, grow, and provide for the future safely and without dependence on geography, a central counterparty, or falling prey to predatorial financial practices of multiple intermediaries.