Purpose of AAVE coin

Modified on Sat, 18 Feb 2023 at 08:06 PM

The founder of the Aave Protocol had the initial desire to allow users to be able to provide proposals by holding the AAVE coin, a governance token. In detail, users will be able to govern the system through proposals on various systematic tweaks and additions which would then be voted on by other holders of the token for developers to take into account. The aforementioned system functions in the form of a Decentralized Autonomous Organization (DAOs).

Was this article helpful?

That’s Great!

Thank you for your feedback

Sorry! We couldn't be helpful

Thank you for your feedback

Let us know how can we improve this article!

Select atleast one of the reasons
CAPTCHA verification is required.

Feedback sent

We appreciate your effort and will try to fix the article