If you're looking to swap Aave, SwapSpace is your one-stop-shop. We have some light reading for you - in case you'd want a refresher on what is Aave or some fresh information about aave’s price movements. And, of course, we provide you with the multiple Aave exchange options so that you can choose the offer with the best rates and lowest Aave fees, as well as other parameters that suit you.
Aave Price Stats
Aave Price Chart
Here you can see the current price of Aave, as well as Aave price history.
What is Aave?
Aave is a decentralized and non-custodial protocol that allows users to borrow and lend over 20 digital assets. Lenders can earn interest by depositing money in a specially created liquidity pool, while the borrowers can use their cryptos as collateral and receive a flash loan of the funds in the liquidity pool. For the lenders, the profit depends on the current market borrowing demand. But users also can use already deposited assets as collateral, moreover, accumulated interest affects the interest rate if the same user wants to borrow crypto. All the funds are allocated to smart contracts.
As an open-source protocol, Aave allows any user to interact with its interface client, API and smart contracts on the Ethereum network. Users also can build any third-party service or application to interact with the protocol and develop their product or service. Deposited or earned assets can be withdrawn from the pool on-demand or exported as a tokenized version of lender position (aTokens).
The project was originally founded in November 2017 and was called ETHLend, but in September 2018 it was rebranded and got a new name Aave, which means “ghost” in Finnish.
Aave token is powering the platform and is also used to govern the project. It was launched in 2020 to make a platform self-governed. The holders vote and decide on the outcome of the Aave improvement proposals. The coin can also be staked within the protocol Safety Module providing security to the depositors and letting the stakers earn fees and rewards.
A Simple Way To Exchange Aave Here At SwapSpace
Choose the cryptocurrencies you would like to exchange among more than 800 coins and tokens. Pick them from drop-down menus. Type the number of coins you want to swap.
Send the exact amount to the address provided and receive the crypto in your wallet within minutes. Don’t have a wallet yet? Our support will recommend a good one!
You’ll get your coins in a few minutes! The exact time is a subject of various parameters such as blockchain network workload, transaction volume, our partners’ processing speed, etc. Concerned about your transaction? Check the swap tracker or feel free to contact the support: email@example.com.