The AAVE coin is a governance token operating with the ERC-20 standard, originally known as Lend. It is operated with the Aave Protocol, wherein users can lend or borrow from decentralized lending pools; the pools operate with digital coins that are traded back as AAVE coins.
The Aave Protocol is one of the most popular forms of Decentralized Finance (DeFi), and the AAVE coin is also one of the most widely used tokens around the world. However, digital coins traded must only be on the Ethereum platform, which would then be fed into the system’s coin pool. Users would then be able to access this pool to either create lending or borrowing transactions with other digital coins put down as collateral.
This digital asset contains the staking function. Investors should study information and risks carefully before making any investment. For more information, please click here.
Was this article helpful?
That’s Great!
Thank you for your feedback
Sorry! We couldn't be helpful
Thank you for your feedback
Feedback sent
We appreciate your effort and will try to fix the article