Aave
AAVE
Crypto
Governance
USD 327.40-2.08%
Aave
UMushroom community rating:
About
Governance
Categoryn/a
Consensus MechanismL2
L1/L2n/a
Sub-cateegoryethereum
Ecosystem2020
Year of creation
Description
Aave (AAVE) is a Governance crypto token. Aave was founded on 2020-10-02 on the ETHEREUM ecosystem. More information can be found at https://aave.com/.
Key Technical Advantages:
Pool-based Strategy: Aave Protocol employs a pool-based lending approach, where lenders deposit their cryptocurrencies into a pool contract. Borrowers can then take out loans from this pool by placing collateral. This system allows for instant loans without the need for individual matching. Algorithmic Interest Rates: Interest rates for both borrowers and lenders are determined algorithmically. Borrowers' rates depend on the available funds in the pool, with a decrease in available funds causing an increase in the interest rate. Lenders earn interest at a rate that ensures a liquidity reserve is maintained. Loan-To-Value (LTV): Each reserve in a lending pool has a specific LTV, which is the weighted average of the LTVs of the currencies composing the collateral. The LTV determines the amount a user can borrow based on the value of their collateral. Health Factor (Hf): A borrow position's health factor is a function of the total collateral and total borrows. If Hf is less than 1, the loan is considered undercollateralized and can be liquidated. Hf is calculated as (TotalCollateralETH * LaQ) / (TotalBorrowsETH + TotalFeesETH). Liquidation: A borrow position may be liquidated if the collateral price drops below the liquidation threshold (LQ). When this happens, a liquidation bonus is offered to incentivize liquidators to buy the collateral at a discounted price. The average liquidation threshold is calculated dynamically using the weighted average of the liquidation thresholds of the collateral's underlying assets. Content summarized by AI chatbotSource:
https://github.com/aave/aave-protocol/blob/master/docs/Aave_Protocol_Whitepaper_v1_0.pdfKey figures
198%1Y
40.1%3Y
-77.9%5Y
Performance
342/ 3261D
395/ 2041M
395/ 731Y
Highs/ Lows
30.08.2022
USD 631.26
All Time High
51.86%
% of All Time High
-92.19%All Time
-30.72%1 year
Max drawdown
#29
Ranking by Market Cap
4,990.80 M
Market cap (USD)
0.00%
% of Market
39.923 B
Category Market Cap (USD)
12.50%
% of Category
16000000
Circulating Supply
15032388
Liquid Supply
93.95%
Liquid/ Circulating Supply
N/A
Not Available Currently
Max Supply
N/A
Not Available Currently
Circulating/ Max Supply
576211142
Volume Traded
8.61%
Volume Traded/ Market Cap
Ratings & reviews
Performance:
0.00
Innovation:
0.00
Society:
0.00
Nature:
0.00
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