Aave AAVE
Rank #47 by market cap
Last 7 days
▼1.70%What Aave is
Aave is a lending protocol, launched as ETHLend in 2017 by Stani Kulechov and rebuilt under its current name in 2020. It lets people deposit crypto to earn interest and borrow against it, with no application and no counterparty negotiation — the terms are set by code and by how much of the available pool is being used.
Every loan is over-collateralised: you must post more value than you borrow. If the collateral falls in value past a threshold, anyone can trigger a liquidation, repaying part of the debt in exchange for a discount on the collateral. That mechanism is what keeps the pools solvent without credit checks.
It is not a savings account, and the interest rate is not a yield in the sense a bank means it. Deposits are not insured, the rate changes continuously with demand, and the funds sit in smart contracts that could contain undiscovered flaws. Liquidations are automatic and unsentimental — in a fast decline they execute in minutes, at a discount, with no opportunity to add collateral first. AAVE staked in the protocol's Safety Module is explicitly at risk of being seized to cover a shortfall; that is the design, and it is what the extra return is paying for.
Where AAVE lives
Always verify a contract address against the project's own site before sending anything. Addresses are shown as published by the data source, not as an endorsement — and identical-looking tokens on other chains are the most common way people lose money here.
Price change
Aave data synced 6m ago from CoinGecko. Figures shown in USD. This page is market information, not financial advice — and nothing here is a recommendation to buy or sell AAVE.