Aave


Aave is a decentralized money market protocol where users can lend and borrow cryptocurrency across 20 different assets as collateral. The protocol has a native token called AAVE, which is also a governance token that lets the community decide the direction of the protocol in a collective manner. Lenders can earn interest by providing liquidity to the market, while borrowers can borrow by collateralizing their cryptoassets to take out loans from the liquidity pools.

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by COINS NEWS - 2 years ago

Celsius changes legal team, pays off $20M in Aave debts

Crypto lending platform Celsius has reportedly hired lawyers from Kirkland & Ellis LLP to advise on its restructuring options — the same firm that assisted Voyager Digital with its bankruptcy filing last week.  According to a report from the Wal...

More / Etherum Reddit - 2 years ago

Aave is launching a collateral-backed stablecoin

Dai is right now over colletoralized by only 126% and over 70% is usdc, which is issued by circle. Circle their assets that back usdc are now a 100% managed by black rock. The company that is the biggest market maker and liquidity provider in the wo...