$61.75
1H
-0.23%$0.1424
24H
-0.32%$0.1982
7D
0.10%$0.0617
30D
8.81%$5.00
Aave is a decentralized finance protocol that allows people to lend and borrow crypto.
Lenders earn interest by depositing digital assets into specially created liquidity pools. Borrowers can then use their crypto as collateral to take out a flash loan using this liquidity.
Aave (which means “ghost” in Finnish) was originally known as ETHLend when it launched in November 2017, but the rebranding to Aave happened in September 2018. (This helps explain why this token’s ticker is so different from its name!)
AAVE provides holders with discounted fees on the platform, and it also serves as a governance token – giving owners a say in the future development of the protocol.
Last week, the Base Layer 2 network hit its ATH in daily transactions of about 1.88 million, higher than Optimism and Arbitrum combined.
The judge dismissed the lawsuit against Egorov, stating that since the CEO does not live in California, the case should be handled elsewhere.
Bitcoin price moved from $28.6k to around $30k on Tuesday but stabilized around $29.6k during the early Asian trading hours on Wednesday.
As per the preliminary audits, the estimated losses are already north of $42 million with assets worth $100 million under risk.
The algorithmic GHO stablecoin is pegged against the United States dollar and is backed by several digital assets.