Aave is a decentralised lending platform built on the Ethereum network.
Originally started as a peer-to-peer lending network, these days Aave (Finnish for ‘ghost’) operates through token lending pools with free-floating interest rates a la Compound. The less funds available to borrow, the higher the interest rates and vice versa.
The Aave protocol lets borrowers pick between fixed and variable interest rates. It also permits what’s known as ‘flash loans’ – basically, very, very short-term loans that are resolved within a single Ethereum block.
The AAVE token lets holders vote on changes to both the Aave protocol and borrowing/lending incentives, and can be staked as ‘collateral of last resort’ in order to earn more AAVE.
CoinJar’s digital currency exchange services are operated by CoinJar Australia Pty Ltd ACN 648 570 807, a registered digital currency exchange provider with AUSTRAC.
CoinJar Card is a prepaid Mastercard® issued by EML Payment Solutions Limited ABN 30 131 436 532 AFSL 404131 pursuant to license by Mastercard. CoinJar Australia Pty Ltd is an authorised representative of EML Payment Solutions Limited. We recommend you consider the Product Disclosure Statement and Target Market Determination before making any decision to acquire the product. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated.
Google Pay is a trademark of Google LLC. Apple Pay and Apple Watch are trademarks of Apple Inc.