Aave (AAVE) is a cryptocurrency that operates on the Ethereum platform, primarily used for decentralized lending and borrowing.

What are the technical characteristics of Aave?

Aave is a decentralized non-custodial liquidity protocol, allowing users to lend and borrow assets. Its smart contracts have been audited and verified by third parties.

What are the risks associated with transferring Aave?

Users should verify the contract address and network before transferring assets, as digital asset prices can be volatile. Self-custody requires secure handling of private keys.

How can I verify the acquisition of Aave?

Verify the asset name, network, and contract details before transferring. Ensure you understand the custody method and the irreversibility of transfers.

Where can I find official resources for Aave?

Official resources for Aave can be found on their website at https://aave.com/ and their GitHub repository at https://github.com/aave.

Aave (AAVE)

Rank #44

Market snapshot

Price: $95.51
Market cap: $1.5B
24h volume: $247.0M
Circulating supply: 15,423,008.5262
Total supply: 16,000,000
Max supply: N/A

What is Aave?

Aave is a cryptocurrency that operates primarily on the Ethereum platform. It serves as a decentralized liquidity protocol, enabling users to participate as either suppliers or borrowers in the lending and borrowing of digital assets.

Key information

Symbol: AAVE
CMC rank: #44
Network / platforms: Arbitrum, Avalanche C-Chain, BNB Smart Chain (BEP20), Ethereum
Categories: N/A
Date added: Oct 2, 2020

Contract address

Contract addresses are stored from CoinMarketCap metadata and are shown as recorded. CoinLoom does not independently certify them as official.

Arbitrum
0xba5ddd1f9d7f570dc94a51479a000e3bce967196
Avalanche C-Chain
0x8ce2dee54bb9921a2ae0a63dbb2df8ed88b91dd9
BNB Smart Chain (BEP20)
0xfb6115445bff7b52feb98650c87f44907e58f802

Key characteristics

Aave is a decentralized non-custodial liquidity protocol, making it the most used protocol for stablecoin lending and borrowing across DeFi. The protocol's smart contracts have undergone audits and formal verification by third parties, ensuring a level of security and trust. AAVE tokens are utilized for governance within the Aave Protocol and can be staked in the protocol's Safety Module to provide a backstop during shortfall events, earning incentives in the process.

Official resources

Risks

Digital asset prices can be volatile and can change materially. Users should verify the contract address and network before transferring assets. Self-custody requires secure private-key and recovery-phrase handling. Centralized platforms can involve operational, custody, and counterparty risk. Availability and regulatory treatment can vary by jurisdiction. Transaction finality and reversibility can differ by network.

Transfer and custody notes

Verify the asset name, network, and any supplied contract details before transferring. Verify destination address and network before sending assets. Review the custody method, including self-custody versus a third-party platform. Understand that transfers may be irreversible and that CoinLoom does not confirm exchange availability.

FAQ

What is Aave (AAVE)?: Aave (AAVE) is a cryptocurrency that operates on the Ethereum platform, primarily used for decentralized lending and borrowing.
What are the technical characteristics of Aave?: Aave is a decentralized non-custodial liquidity protocol, allowing users to lend and borrow assets. Its smart contracts have been audited and verified by third parties.
What are the risks associated with transferring Aave?: Users should verify the contract address and network before transferring assets, as digital asset prices can be volatile. Self-custody requires secure handling of private keys.
How can I verify the acquisition of Aave?: Verify the asset name, network, and contract details before transferring. Ensure you understand the custody method and the irreversibility of transfers.
Where can I find official resources for Aave?: Official resources for Aave can be found on their website at https://aave.com/ and their GitHub repository at https://github.com/aave.

Related cryptocurrencies

View all cryptocurrencies