Aave is one of the leading Defi cryptocurrencies. It is an emerging decentralized protocol and one of the most significant Defi coins by its market cap. The concept of Aave is unique. Aave is a decentralized system that allows users to earn interest on their crypto assets without any middleman. Users can borrow and lend crypto and take an interest through it. If you have a crypto holding, then you can provide liquidity at Aave protocol and earn more. Aave is built on Ethereum(ETH) blockchain. It is a native token governance token of the Aave protocol. 


<h3>Who created Aave?</h3>

Aave is a Switzerland-based foundation that Stani Kulechov founded in 2017. Kulechov started Aave while he was a law student. Aave, previously known as ETHLend, was renamed AAVE in 2018. ETHLend is a subsidiary of Aave.&nbsp;

In 2017, the foundation raised $16.2 million via ICO(Initial Coin offering). At that time, 1 billion units sold AAVE crypto, which was known as LAND before.AAVE foundation still has 300 million tokens for its team.&nbsp;

AAVE has many other products such as a trading desk, game studio, games, and system.

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How Does Aave work?

Aave is based on an Ethereum(ETH) P2P system, which has some new user functionalities. If you want to use Aave, the deposit is a must in the liquidity pools. Borrowers will use these funds. If they borrow funds from the liquidity pool, the user has to lock some funds, and the locked amount should be more significant than the withdrawal amount.&nbsp;

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Note: the value of the collateral is based on USD. If collateral falls from the required collateralization threshold, the system notifies automatically up for liquidation. In this case, others have the chance to buy these funds at a discount rate. This strategy keeps the liquidity pool secure and optimistic.

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What makes AAVE Unique?

AAVE is the base of its software, and it allows user voting to change policies and rules. The AAVE team is working on how to use tokens to manage the system. Currently, Aave uses its revenues from the fees to buy AAVE and cryptocurrency from the crypto circulation. Almost more than 80% of the fee revenue is used to burn AAVE to reduce its supply to keep the price stable.

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Why use AAVE?

From July 2020, the AAVE system is the most famous and leading Ethereum based decentralized system. It has earned $158 million till today. Therefore, AAVE is a chance to make some interest by providing liquidity.&nbsp;&nbsp;&nbsp; 
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How many AAVE tokens are in circulation?

AAVE comes under the top 30 cryptocurrencies list. Additionally, it ranks at number #24 globally with a 12.79(12,794,288.41 ) million token supply out of the total supply of 16.00 (16,000,000.00)million tokens. &nbsp; The AAVA market cap is 5.22($ 5,223,107,801) billion.

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How to buy the AAVE?

AAVE is available on every exchange to buy from the top in a very safe and secure way. Therefore, we are listing down some top exchange names where you can buy AAVE. You can also store AAVE in any ERC-20 wallet.&nbsp;

<ul>
	<li>Binance</li>
	<li>OKEx</li>
	<li>Huobi Global</li>
	<li>Kraken</li>
	<li>Gate.io</li>
	<li>KuCoin</li>
</ul>

Aave

Ethereum

Ville Valkonen

Tomoaki Sato

Jon Matonis

Rob Viglione

Adnan Javed

Stani Kulechov

Jordan Lazaro Gustave

Martin Wichmann

Kersten Schütze

Jitendra Chittoda

Amir Dib

Jin Park

Edmund To

Jesmer Wong

Anastasija Plotnikova

Nolvia Serrano

Scott Malsbury

Rowan Van Ginkel

Luca Cotta

Kelly Ann Pope

Ada Jonušė

Shane Benjamin

Ernesto Boado

Yuki Suzuki

Michael Chiang

Anthony Akentiev

Koen Sanders

Philipp Vasilyev

Steve Mann

Professor Wulf Kaal

Amin Rafiee

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