Coming soon to the USA! While our services may not be available yet, sign up now to stay in the loop as we bring our innovative crypto solutions to America.
Aave is a decentralised lending platform built on the Ethereum network.
Originally started as a peer-to-peer lending network, these days Aave (Finnish for ‘ghost’) operates through token lending pools with free-floating interest rates a la Compound. The less funds available to borrow, the higher the interest rates and vice versa.
The Aave protocol lets borrowers pick between fixed and variable interest rates. It also permits what’s known as ‘flash loans’ – basically, very, very short-term loans that are resolved within a single Ethereum block.
The AAVE token lets holders vote on changes to both the Aave protocol and borrowing/lending incentives, and can be staked as ‘collateral of last resort’ in order to earn more AAVE.
It is an open-source liquidity protocol designed for creating non-custodial liquidity markets. It allows users to earn interest by supplying assets and borrow crypto assets with either a variable or stable interest rate. Aave is a decentralized platform.
It is easily integrated into various products and services.
The platform operates without central authorities or intermediaries. Users can lend and borrow cryptocurrencies directly, without relying on traditional banks or financial institutions.
They are an essential part of the ecosystem. They serve multiple purposes:
Governance: Token holders participate in decision-making by voting on improvements.
Safety Module: They can be staked within the protocol’s Safety Module, providing security and insurance to the protocol and suppliers.
Your information is handled in accordance with CoinJar’s Privacy Policy.
Copyright © 2023 CoinJar, Inc. All rights reserved. The products and features displayed on this website are representative of our Australian and UK services and certain features may not be offered to customers residing in the United States, depending on applicable state and federal regulations.
Google Pay is a trademark of Google LLC. Apple Pay and Apple Watch are trademarks of Apple Inc.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.