Aave Token

Aave is a decentralized non-custodial liquidity protocol where users can participate as lenders (supplying liquidity) or borrowers. Suppliers provide liquidity to the market while earning interest, and borrowers can access liquidity by providing collateral that exceeds the borrowed amount.

Learn more here.

AAVE is a governance and utility token within the Aave protocol.

AAVE’s utility in the Aave protocol revolves around governance, staking, and liquidity provision.

• Governance: AAVE holders can participate in protocol governance by voting on changes to Aave’s protocol parameters, new assets, or other updates.
• Staking: AAVE can be staked in the Safety Module to provide insurance for the protocol in case of shortfall events, with stakers receiving rewards.

AAVE is officially available on multiple blockchain networks beyond Ethereum. Officially supported networks include:

• Ethereum: As the original network for AAVE, Ethereum remains its primary blockchain.
• Polygon
• Avalanche
• Arbitrum
• Optimism
• Fantom: currently not available on Matcha.

Aave was founded by Stani Kulechov in 2017 under the name ETHLend. The team has grown significantly, with Stani continuing as CEO.

The Aave protocol has since become a decentralized autonomous organization (DAO).

The Aave app, its interface and overall brand is is managed by Aave Labs. Aave Labs is one of the companies managed by Avara, a group of developers also responsible for GHO stablecoin, Family Wallet, and Lens.

AAVE launched as ETHLend in 2017.

In 2020, the token underwent a rebranding and migration, and the new AAVE token was introduced through a token swap.