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| Aave 
| #LEND
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| LEND Price: | $1.62 | | Volume: | $171 | | All Time High: | $6.63 | | Market Cap: | $51.5 M |
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| Circulating Supply: | 31,847,043 |
| Exchanges: | 2
| | Total Supply: | 1,299,999,941 |
| Markets: | 3
| | Max Supply: | 1,300,000,000 |
| Pairs: | 2
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The price of #LEND today is $1.62 USD.
The lowest LEND price for this period was $0, the highest was $1.62, and the exact current price of one LEND crypto coin is $1.61610.
The all-time high LEND coin price was $6.63.
Use our custom price calculator to see the hypothetical price of LEND with market cap of BTC or other crypto coins. |
The code for Aave crypto currency is #LEND.
Aave is 7.4 years old. |
The current market capitalization for Aave is $51,468,124.
Aave is ranked #326 out of all coins, by market cap (and other factors). |
The trading volume is weak today for #LEND.
Today's 24-hour trading volume across all exchanges for Aave is $171. |
| The circulating supply of LEND is 31,847,043 coins, which is 2% of the maximum coin supply. |
LEND has limited pairings with other cryptocurrencies, but has at least 2 pairings and is listed on at least 2 crypto exchanges.
View #LEND trading pairs and crypto exchanges that currently support #LEND purchase. |
Exploring New Frontiers with Aave
During the summer of 2020, DeFi matured, developed, and defined its product-market fit. Now, it’s time for the Aave Protocol to enter the scalability phase and bring decentralised finance back into everyone’s hands, even those with 3 figure portfolios. — Focus on Ethereum. — Aave was born and raised on Ethereum L1, and the Ethereum community was a huge catalyst for the development of the protocol and growth of the Aave Community. Ethereum and the EVM is the center of gravity for DeFi, and no other network comes close to Ethereum’s network effect. However, on a public blockchain, having a slot on a block is defined by supply and demand. Block space supply today is scarce and limited, and since the “DeFi Summer” of 2020, demand for using Ethereum and DeFi has never slowed down. High transaction fees are a feature of a successful public blockchain, as they define actors ready to pay the market price to use the decentralised services. That being said, DeFi was always intended to create a sustainable and more inclusive alternative to traditional finance. If DeFi is great but only limited to certain high networth users, DeFi will fall short of its mission to be finance for everyone. — Multi-Market Approach, ETH L1 as a Settlement layer. — The solution is on the side of scalability layers of Ethereum: Sidechains, rollups, and zero-knowledge-based solutions are quite complex, but fortunately for us... 
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Aave AMM Market Released
The Aave Protocol is a decentralised liquidity protocol, which allows users to unlock liquidity across various assets in a multi-pool approach. The new AMM Liquidity Pool enables liquidity providers (“LPs”) of Uniswap and Balancer to use their LP tokens as collateral in the Aave Protocol. — The Rise of AMMs. — With the rise of Uniswap in 2018 and the emergence of “Automated Market Makers” (AMMs) in the DeFi ecosystem, users of Ethereum are now able to swap assets without the need for centralised third-party intermediaries. Users are able to facilitate the provision of liquidity and earn fees for doing so. — How do LP tokens work?. — By providing liquidity, users automatically obtain LP tokens from the AMM. In most cases, LP tokens represent the crypto assets the user deposited into the AMM along with a proportional scale of the trading fees collected over time in the particular liquidity pool into which the user deposited assets. (Frequently, the LP token represents a 50/50 ratio with ETH and another crypto asset, making them potentially less volatile than their underlying assets.) Because LP tokens typically accrue trading fees over the time the user’s assets remain in the liquidity pool, the LP tokens potentially accrue value over time as well. AMMs were one of the first ways to earn a passive income in the DeFi ecosystem and remain so today. — A first successful Proof of Concept...
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Aave Protocol migration tool released
The wait is finally over — the migration tool to upgrade full positions from Aave V1 to Aave V2 is now available to all users! — Seamless upgrade - Migrating full positions, even when you have positions opened, is now accessible directly on your V1 dashboard. Under the hood, the migration tool is powered by Flash Loans and in a single transaction will: take liquidity from Aave V2, use it to pay back your loans in V1, migrate your V1 collateral to V2, open up equivalent positions in V2, bring back the liquidity to V2, This complex transaction is done on auto-pilot so all you need to do on your side is select the collaterals and positions you want to upgrade and click on ‘migrate’. Reminder: you will need ETH to cover the transaction fees of this transaction. If you have positions opened, the tool will inform you of your new HF. Please be mindful of this new HF to mitigate liquidation risks. Complex operations on the Ethereum blockchain can be costly, so if you have many assets borrowed and deposited into V1, feel free to migrate in several batches. We do not recommend migrating more than 5 assets (Deposited & Borrowed) in a single migration transaction. — The future of V1 - The Aave Protocol V2 is the future of Aave and already ~820M$ of liquidity adopted the upgraded version of Aave, but feel free to migrate to V2 at your own pace! The V1 contracts are always running on the Ethereum Blockchai...
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Aave V2 Design Upgrade
When setting up the design and user flows back in 2019 before the release of Aave Protocol on mainnet, we did not anticipate the enormous growth of Aave and the DeFi space. Like our TVL, our ideas kept growing with new features for Aave users. The addition of these new features would require more workable space in the user interface. The design team decided to overhaul the layout of the user interface. In V1, the main navigation was on the left side which interacts with the ‘content area’ on the right side. This seemed to work fine for V1. However, with the release of V2 and additional features such as staking, governance, yield & collateral swaps, repay with collateral, credit delegation, stable and variable borrowing, and many more to come, it was clear that V2 needed a change of layout to accommodate all these new features. Additionally, preparing for future scalability is always important, especially in a space that innovates as rapidly as DeFi.V2 Colour Palette After conducting research about dark and light mode for the UI, the design team settled on a “hybrid” combination between light and dark mode solution for the default V2 colour scheme. After the initial release of V2, more colour themes will be released and users will be able to select and set their preference. These colour schemes will be: default, dark mode, and light V1 Aave. For the fans missing the flashy purple/blue colour all over the UI, no ne...
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Aave Protocol Governance V2 has been activated!
The Aave Protocol V2 launched just over a week ago, and has rapidly grown in market size, now reaching over $98M. The V1 → V2 migration tool has not even been released yet (Soon™), so this growth is particularly Aavesome. Last week, there was a governance vote on AIP-4, a proposal to activate Aave V2 governance. The votes were validated over the weekend, and today it’s time for the next milestone on the decentralisation journey: The release of V2 governance! With V1 governance, only the Aave Genesis Team could submit Aave Improvement Proposals (AIPs). AIPs are binding on-chain governance proposals that require some technical knowledge and automatically execute once the votes are in and validated. Today, any Aave community actor that meets the requirements can create an AIP to add a new token to the protocol, update risk parameters, add a new liquidity market, and more! V2 governance aims to be inclusive of everyone with a stake in the Aave ecosystem and preserve decentralisation and security.Aave V2 Governance Segregation between proposition and voting power AAVE and stkAAVE holders are not only able to create proposals themselves with V2 governance, but also delegate this proposal creation power to another actor! You’ve probably already heard that vote delegation would be a thing in V2, but one of the most innovative mechanisms of V2 governance is that AAVE holders can separately delegate their proposal power and vot...
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Aave Security Newsletter
As part of Aave’s focus on security and transparency, the Aave Genesis team will be periodically releasing a report centred on the security of the Aave Protocol and all the other systems of the Aave ecosystem. — Aave Governance v2 - ARC (Aave Request for Comments) After the release of the Aave Protocol v2 last week, the upgrade of the Aave Governance from v1 to v2 has been submitted to the community for discussion. More details about the proposal can be found in the governance forum, but in terms of security, there are certain aspects to highlight: 1. As with any other software system, some parts of the infrastructure are critical. The Aave governance has the objective of controlling all the different parts of the ecosystem, and taking into account the aforementioned, permissions over contracts are split between 2 different smart contracts, with different configurations. The first (Executor with long timelock) has control over pieces with low frequency of interaction, like the AAVE governance token or the StkAAVE of the Safety Module. The second (Executor with short timelock) has control over pieces with higher frequency of interaction, like the Aave Protocol v1 and v2. Having a longer timelock on changes concerning tokens, and in general longer time-configurations is usually a good practice security-wise, as it leads to longer reaction window for any external party integrating the tokens. 2. The design goals of this ...
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The Aave Protocol V2
It’s the moment we’ve all been waiting for… V2 of the Aave Protocol on mainnet! The Aave Protocol V1 launched at the beginning of this year, with the goal of unlocking value in DeFi and improving the user experience. The protocol quickly grew to over $1B market size in less than 6 months, record growth for the DeFi space! V1 brought to market innovations like Flash Loans and aTokens as new ways to unlock previously locked capital in DeFi and provide a permissionless savings account. The Aave Protocol took major steps toward becoming more decentralised with the handover of the Admin Keys to the community. The Aave ethos is that finance should be as you like it, and with a working governance and “Aavenomics”, the future of the protocol is in your hands. This week the Aave Protocol hit another major milestone, with $1B in Flash Loans volume! Due to the 0.09% fee for Flash Loans, this has created an additional $906K going to reward depositors since the launch of V1. Today, the Genesis Team is happy to introduce some Aavesome new features to unlock more value in DeFi and make the overall experience more seamless. The Genesis Team is excited about this glow up, and your feedback throughout the V1 phase has been the inspiration for these updates. For more details on V2, feel free to read the Whitepaper. — What’s new with V2? - — Yield & Collateral swap. — In DeFi, assets that were being used as ...
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Aave V2 is Available on Public Testnet!
A while ago, the Genesis Team released this plan outlining some features to expect with Aave V2, making finance a more seamless experience. Today, Aave V2 is live on the Kovan testnet, and you can check it out here. Since the beginning of 2020 when the Aave Protocol first launched, the Genesis Team has collected feedback from the community which has been invaluable in making improvements to the protocol. Now the governance power is in your hands, and the Genesis Team will take on the role of builders who gather popular proposals on the governance forum, and enact the updates voted on by the governance. Aave V2 is a culmination of community feedback that brings some architecture redesign to upgrade the protocol, along with some exciting new features to push the limits of the DeFi user experience with new tools and UI/UX improvements. You can find the whole documentation here. — How to Test Aave V2 - You can test Aave V2 without spending real assets on the testnet client here! Be sure to switch your wallet provider to the Kovan network in order to use the testnet free of cost. You can get tokens to test from the faucet here — simply select the token of your choice and submit the transaction. Make sure to have ETH before using the faucet. You can find the Kovan ETH faucet here. For further instructions on how to test the Aave Protocol on testnet, including how to get ETH for testing, feel free to refer to the testin...
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Aave x HackMoney is back!
After a memorable edition last year, the EthGlobal team is back with a second edition of EthOnline and the HackMoney hackathon! Aave is proud to sponsor the event again and will be present during the whole event to support builders. This edition gives hackers 3 full weeks to hack their best project on Aave and take their fair share of the 8000 aUSDC Aave prize pool! — The Aave Journey - During the last edition in April 2020, Aave was a 50M$ Money Market Protocol and the ecosystem was just discovering the use-cases of Flash Loans and debating the concept of stable rates. Now Aave is a 1.8B$ Money Market Protocol with 20 assets and an imminent migration from the LEND to the AAVE asset allowing the Aave community to take full control of the Aave Protocol. 400M$ volume of Flash Loans have allowed swift liquidations for a safer and more resilient DeFi ecosystem and arbitrage for more liquid markets. On average, 20% of all Aave loans are now using stable rates to protect borrowers from short-term volatility. BUT we’re still in the early days of the Aave journey! The upcoming V2 upgrade of the protocol will soon offer a wider playground for developers. The V2 architecture is very close to V1, migration of projects built during the hackathon should require minimal tweaks for a V2 upgrade. — 3 Weeks, Endless Opportunities - David Truong prepared special documentation full of resources and ideas for this hackathon. F...
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