Aave
AAVE
Aave Feed: Events, News & Roadmap
Aave to Hold Hackathon on January 12th
Aave is set to host the first GHO virtual hackathon in collaboration with ETHGlobal and AaveGrants.lens from January 12 to January 24. The hackathon w…
Aave to Launch GHO Token on Ethereum Mainnet
Aave will launch GHO, an Aave native stablecoin on Ethereum mainnet, GHO will become live on July 15th at 15:30 UTC. The users of Aave v.3.0 on Ethere…
ETH Global in Tokyo, Japan
Join to ETH Global in Tokyo
GHO Launch in Goerli Testnet
It’s GHO time! GHO Aave is now on Ethereum’s Goerli Testnet
Delisting AAVE/USDC Trading Pair From LBank
Due to the lack of liquidity, LBank will delist AAVE/USDC trading pair at 12:00 on December 12, 2022 (UTC)
Listing on Coinstore
Community Call
AMA on Twitter
Listing on WhiteBIT
Staking on Binance
Listing on AAX
Listing on Bitpanda Pro
New AAVE/BRL Trading Pair on Binance
Listing on Binance.US
Listing on Bingbon
Listing on BTSE
Aave on Hermez
Discussion on Clubhouse
Listing on Bitfinex
Listing on Coinbase Pro
Aave Events on the Chart
What is Aave?
Aave is a decentralized financial platform built on the Ethereum blockchain that allows users to earn interest on their deposited cryptocurrencies and borrow other cryptocurrencies. The main idea behind the project is to create a peer-to-peer lending system where all transactions are controlled by smart contracts instead of traditional financial institutions.
Aave's smart contracts ensure the security and transparency of all operations on the platform. Users receive aTokens, which represent their deposits, and can observe how interest accrues in real-time.
One of Aave's unique features is Flash Loans, which allow users to borrow any available assets without providing collateral upfront. The key condition is to repay the borrowed funds within one block, which is approximately 15 seconds.
This mechanism became possible due to the specifics of smart contracts on the Ethereum blockchain. If the loan is not repaid within one block, the transaction is automatically canceled, and the contract's state reverts to what it was before the transaction. This specificity eliminates the risk of default for the platform.
AAVE is the native governance token that allows the community to collectively participate in voting on platform governance.