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Bitcoin, Ethereum, Tether, Solana, and more popular cryptoHow to buy AAVE (AAVE)
What is AAVE (AAVE)?
Formerly called ETHLend, AAVE, founded by Stani Kulechov, is a decentralized cryptocurrency lending and borrowing platform built on the Ethereum blockchain. As an automated market maker, the AAVE protocol is self-balanced such that the protocol's activities are programmatically controlled and regulated, thus eliminating the need for centralized intermediaries.
The AAVE protocol's main participants are the depositors and the borrowers. Depositors provide market liquidity on over 25 supported ERC-20 tokens and earn interest on them. On the other hand, borrowers can instantly take a loan from the protocol after providing sufficient collateral in a supported cryptocurrency of their choice.
AAVE, the protocol's native token, is used in governance activities and can be staked to earn incentives.
AAVE FAQ
- Cryptocurrencies, such as AAVE, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
- Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as AAVE have been created as well.
- Check out our AAVE price prediction page to forecast future prices and determine your price targets.