Project basic information
Total Supply: 16,000,000
AAVE, formerly known as ETHLend, is a popular decentralized lending platform. In January 2020, AAVE relaunched the new loan contract agreement, introducing the lending function of the decentralized loan pool. Users can deposit funds into the pool to earn interest income; Users can also borrow some assets from the pool if they have enough collateral. The AAVE agreement can get the most out of your money compared to a traditional bank. Meanwhile, AAVE is also the pioneer of unsecured flash loans. Currently, AAVE supports lending of 21 ERC20 tokens, including six stablecoins and 16 mainstream Ethereum assets. AAVE now has more than $1.1 billion in locked up positions, just behind makerDAO and ranking second in lending, according to the data.