Aave - AAVE

The goal of the Aave (AAVE) cryptocurrency is to enable decentralized or P2P loans to ordinary people. No bank or other company is needed. All you need is a computer with a cryptocurrency wallet. Aave was founded in 2018 as an ICO and is founded by Stani Kulechov. The native cryptocurrency is LEND and is an ERC20 token. So Aave's network runs on Ethereo. Aave is a financial protocol where there are borrowers on the one hand and depositors on the other. The borrower borrows funds, and the depositor receives interest rewards for the change. E.g. for a flash loan, the depositor will receive up to 70% of the interest. The depositor can deposit any amount. However, for small amounts, the deposit will not pay off because an ETH fee is charged for the deposit. And it's not low lately. This cryptocurrency is abbreviated as LEND. The project is based in London. The founder of this cryptocurrency is Stani Kulechov.

Price

Aave (AAVE) price for today $306.07

Marketcap

Market capitalization $4,607,893,707

Price movement

Price movement in the last 24 hours -1.30 %

POS ROI (Yearly)

POS return of investment yearly 4.90 %

Volume

24-hour trading volume $1,156,610,174.00.

POS ROI (Monthly)

POS return of investment montly 0.40 %

Aave Staking calculator

AAVE to stake : 0.00 AAVE ($0.00)

Yearly Earning : 0.00 AAVE ($0.00)

Monthly Earning : 0.000 AAVE ($0.000)

Weekly Earning : 0.000 AAVE ($0.000)

Daily Earning : 0.0000 AAVE ($0.0000)

Aave Mining

Staking consists of depositing your AAVE tokens within the protocol Safety Module. The purpose of staking is to act as a mitigation tool in case of a shortfall event. As an incentive for this service Safety Module stakers will receive Safety Incentives. To stake you can head over to the Aave app Staking section. Over the staking section select 'stake', input the amount to stake and click on 'stake'. Then proceed to send 2 transactions to stake your AAVE: 1. Approve: This is a required transaction prior to the staking that allows the staking contract to move your AAVE tokens. This transaction will not be required if you perform additional staking actions unless you revoke the approval. 2. Stake AAVE: This transaction performs the action to stake AAVE tokens. When confirmed, your tokens will be staked in the Safety Module.