Aave Ethereum Maker

1. Summary

Ranks

Liquidity

-

Developer

-

Social

11

Momentum (beta)

0

Stack Rank™

-

Price

$0.000000000000 0.0%

Market Cap

$ (#29851)

Supply

/

Tags

Ethereum Ecosystem

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Price
All Time High (ATH) Date	14th Dec 2024 (2 months ago)
All Time Low (ATL) Date	14th Dec 2024 (2 months ago)

Supply & Trading Volume

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Description

Aave is an open-source liquidity protocol that operates as a decentralized cryptocurrency lending platform.Officials with the Maker governance released a marker for Ethena.

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Aave is an open-source liquidity protocol that operates as a decentralized cryptocurrency lending platform.Officials with the Maker governance released a marker for Ethena.

The platform, initially launched in 2017 as ETHlend, was the first DeFi lending protocol. It evolved to become Aave in 2018 and expanded its capabilities to include multiple blockchains within the EVM ecosystem, such as Optimism, Metis, Arbitrum, Avalanche, Solana, and Polygon.

Key features include:

• Portal: Allowing seamless cross-chain liquidity flow by bridging tokens across different networks through governance-backed bridges like Connext and Hop Protocol.
• V3 Updates: Enhanced capital efficiency, expanded collateral choices, and refined gas optimization improvements introduced in its V3 iteration.
• GHO Stablecoin: A decentralized, multi-collateralized stablecoin created by AaveDAO for lending and borrowing purposes.

The platform focuses on providing a decentralized, non-custodial space for users to lend and borrow various assets, including stablecoins like USDT and USDC, and tokens such as BAT and MANA, with returns varying based on supply, demand, and blockchain usage.

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