API ID:
aave
Trade Symbol:
Coin or Token:
Max Supply:
Use Case:
Launch Date:
Coin Overview
AAVE
Token
16 Million
Decentralized finance Defi
October 2020
Aave
Aave (AAVE) is a leading DeFi protocol for lending and borrowing crypto without banks. Users can deposit assets to earn interest or borrow by putting up collateral. AAVE, its native token, is used for governance decisions and can be staked for added safety in the system. It makes borrowing and lending accessible in a decentralized way.
A Deeper Dive
Technology & Use Case
Aave is built on Ethereum and uses smart contracts to match lenders and borrowers. Interest rates adjust automatically based on supply and demand. Users can also take “flash loans” — uncollateralized loans that must be repaid within the same transaction, enabling arbitrage and other advanced strategies. AAVE tokens support governance and safety mechanisms.
Origins & Team
Aave began in 2017 as ETHLend, founded by Stani Kulechov. In 2020, it rebranded to Aave (meaning “ghost” in Finnish), shifting focus to a broader DeFi ecosystem. Since then, Aave has grown into one of the largest DeFi protocols, with billions in liquidity supplied by users worldwide.
Ecosystem & Partnerships
Aave operates on Ethereum but has also expanded to Layer-2s like Polygon and Optimism for cheaper transactions. It offers a wide range of supported assets and integrates with wallets, DeFi dashboards, and yield platforms. Partnerships with institutions have also brought attention to Aave’s potential for bridging traditional finance and decentralized finance.
A Deeper Dive
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