What is Aave (AAVE) The Cryptocurrency Status!

Yugocean

Valued Contributor
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Aave is a decentralized, open source DeFi project, this is used to lend, borrow and gain interest without involvement of middlemen.

Aave's ticker is also AAVE. AAVE have POS feature and holders are able to stake it.

In January 2020 LEND cryptocurrency migrated to AAVE. Fixed rate was 100 LEND / 1 AAVE.

Aave currently is nearly $300 value and among the top 20 cryptocurrencies in the coin market ranking system. The total supply of this crypto is just 16 million, which is less than even Bitcoin. More than 12 million AAVE are circulating in the market. Exchangers like Binance, Coinbase Pro, Uniswap (V2), etc trade AAVE in Spot and Derivatives.
 
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