Aave
AAVE
Overview
What is Aave?
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.
How to buy Aave with CoinJar
Start your cryptocurrency portfolio with CoinJar by following these simple steps.
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