AAVE coin launch time AAVE coin, also known as AAVE, is the native governance token of the decentralized financial protocol Aave platform. Online time: November 17, 2020
##Aave online time
The Aave protocol was launched on November 1, 2017.
Introducing Aave
Aave is a decentralized finance (DeFi) protocol that allows users to borrow, lend and earn crypto assets. It is based on the Ethereum blockchain and provides users with the following main features:
Liquidity
Users can provide liquidity (deposit and lend cryptoassets) to earn rewards. -
Stablecoin Market
Aave offers a stablecoin called aDAI, which is pegged to the U.S. dollar and can be used for lending and trading. -
Features
- No permission: Anyone can participate in the Aave protocol, no permission or approval is required.
- Transparency: All transactions and funds are recorded on the Ethereum blockchain for everyone to see.
- Composability: Aave can be integrated with other DeFi protocols such as Uniswap and Compound.
Advantage
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Multiple Asset Support: Aave supports multiple crypto assets, including ETH, BTC, LINK and DAI.
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Scalability: Aave is based on the Ethereum blockchain and benefits from its scalability and security.
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Decentralization: The Aave protocol is not controlled by any centralized entity.
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