Aave is a decentralized money market protocol where users can lend and borrow cryptocurrency across 20 different assets as collateral. The protocol has a native token called AAVE, which is also a governance token that lets the community decide the direction of the protocol in a collective manner. Lenders can earn interest by providing liquidity to the market, while borrowers can borrow by collateralizing their cryptoassets to take out loans from the liquidity pools.
|Market Cap Rank||Rank #49|
|Aave/Bitcoin Ratio||1.00 BTC = 309.13 AAVE|
|Last Update||2022-05-29 13:55:04|