Grayscale Introduces New Aave (AAVE) Trust Product Targeting DeFi Lending Market
Crypto asset manager Grayscale has introduced a new investment product providing exposure to Aave's native token, AAVE/USD, as part of the firm's ongoing efforts to offer a wider range of innovative crypto investment products.
Crypto asset manager Grayscale has launched a new investment product providing exposure to Aave‘s native token, Aave (AAVE/USD).
The launch is part of the firm's ongoing efforts to offer a wider range of innovative crypto investment products.
Aave is a decentralized lending platform built on the Ethereum (ETH/USD) blockchain.
It enables users to borrow cryptocurrency by using their existing tokens as collateral and also allows them to lend their crypto assets to earn interest.
While AAVE’s market capitalization is around $2.3 billion - a relatively modest figure compared to more popular cryptocurrencies - the platform has established itself as the largest lending protocol in the crypto space in terms of total value locked (TVL), according to data from DeFiLlama.
"Grayscale Aave Trust provides investors with exposure to a protocol that has the potential to revolutionize traditional finance," Coindesk quoted Rayhaneh Sharif-Askary, Grayscale's head of product and research, as saying.
"By leveraging blockchain technology and smart contracts, Aave’s decentralized platform aims to optimize lending and borrowing while removing intermediaries and reducing reliance on human judgment,” she added.
This launch follows closely on the heels of Grayscale’s recent rollout of the Grayscale Avalanche Trust, designed to give investors exposure to the AVAX token.
The asset manager now offers over 20 different crypto investment products, a number that has steadily increased since the introduction of spot Bitcoin exchange-traded funds (ETFs) earlier this year, sparking a new wave of interest in publicly tradable crypto assets.
In addition to this new fund, Grayscale is also the issuer of several other prominent products, including the Grayscale Bitcoin Trust (GBTC), Grayscale Mini Bitcoin Trust (BTC), Grayscale Ethereum Trust (ETHE) and Grayscale Ethereum Mini Trust (ETH), all launched earlier this year.
For a deeper dive into crypto trends and developments, the Benzinga Future of Digital Assets event, set for Nov. 19, will provide valuable insights and expert perspectives.
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
The above is the detailed content of Grayscale Introduces New Aave (AAVE) Trust Product Targeting DeFi Lending Market. For more information, please follow other related articles on the PHP Chinese website!

Hot AI Tools

Undresser.AI Undress
AI-powered app for creating realistic nude photos

AI Clothes Remover
Online AI tool for removing clothes from photos.

Undress AI Tool
Undress images for free

Clothoff.io
AI clothes remover

Video Face Swap
Swap faces in any video effortlessly with our completely free AI face swap tool!

Hot Article

Hot Tools

Notepad++7.3.1
Easy-to-use and free code editor

SublimeText3 Chinese version
Chinese version, very easy to use

Zend Studio 13.0.1
Powerful PHP integrated development environment

Dreamweaver CS6
Visual web development tools

SublimeText3 Mac version
God-level code editing software (SublimeText3)

Hot Topics











Qubetics has made a strong impression in cryptocurrency by raising over $1.2 million in 3rd stage of its presale. Currently, TICS tokens are priced at $0.0132, making it a great opportunity for early investors.
![Ethereum Co-founder Vitalik Buterin Makes Waves in the DeFi Space with a Recent Deposit into the Aave [AAVE] Protocol](https://img.php.cn/upload/article/000/465/014/172622198367213.jpg?x-oss-process=image/resize,m_fill,h_207,w_330)
Ethereum Co-founder Vitalik Buterin has made waves in the DeFi space with a recent deposit of 2.27 million USDC and 2,851 ETH (approximately $6.73 million)

Grayscale Investments has continued to grow its product portfolio by coming up with the Grayscale Avalanche Trust. This new fund is targeting the accredited investors to assist them to make investment on AVAX

Stani Kulechov, the founder of Aave, has sold $6.7 million worth of AAVE tokens. This sale comes as the token's value has risen significantly over the past month.

September is due to see huge changes throughout the altcoin ecosystem. Polygon has recently migrated its token from MATIC to POL, and Polygon investors

Aave's AAVE/USD price has increased 7.74% over the past 24 hours to $119.51. Over the past week, AAVE has experienced an uptick of over 22.0%

Grayscale Investments, the largest crypto fund manager in the world, has made a new significant step forward in the cryptocurrency market with the launch of the Grayscale Avalanche Trust

World Liberty Financial (WLF), a crypto initiative started by Donald Trump, is creating excitement with its plan to team up with Aave—a leading DeFi platform