Aave is a decentralized money market protocol where users can lend and borrow cryptocurrency across 20 different assets as collateral. The protocol has a native token called AAVE, which is also a governance token that lets the community decide the direction of the protocol in a collective manner. Lenders can earn interest by providing liquidity to the market, while borrowers can borrow by collateralizing their cryptoassets to take out loans from the liquidity pools.
The current price of Aave is $110.88 a DECREASE of -0.74% from yesterday’s price.
In May 2021 the price of Aave reached an all-time high of $661.69. Alternatively the coin traded at an all time low of $26.02 in November 2020.
None of the information you read on Digital Farmland should be taken as investment advice. Our content, writers, and journalists’ opinions are solely their own. Cryptocurrency is highly volatile, full of scams, and risky.
We do our best to bring to light potential scams and gauge the risk of digital asset investments. But we too have been scammed and part of rug pulls. Even projects with great intentions and transparency fail due to third-party scammers or regulatory pressures. Even with all the scams and risks we still very much believe in the future of this new digital world. Please be careful and do your own research!