Aave (AAVE): what you need to knowAave (AAVE): what you need to know

Aave is an open-source and non-custodial DeFi protocol that allows you to lend and borrow cryptocurrencies without the involvement of a central party. The platform runs entirely on smart contracts and enables users to earn interest by depositing assets into liquidity pools, or to borrow crypto by providing collateral. Aave is known for innovative features such as flash loans, variable and fixed interest rates, and support for multiple blockchains.

Source: https://aave.com/

Aave works through liquidity pools that are filled by users who make their crypto available. In return, they receive interest, which is automatically calculated based on supply and demand. Users who wish to borrow provide collateral that must always be higher in value than the loan. The protocol monitors this continuously and can liquidate positions when collateral becomes too low. Everything happens completely on-chain via smart contracts.

• Ticker: AAVE

• Category: DeFi governance token

• Blockchain: Ethereum (and multiple supported networks such as Polygon and Avalanche)

• Protocol: Aave Protocol

• Year of launch: 2020

Aave technology is based on Ethereum smart contracts and uses advanced risk parameters to keep the protocol stable. An important technical feature is flash loans, uncollateralized loans that must be repaid within a single transaction. Additionally, Aave uses aTokens, which automatically generate interest and transparently display the user's position on the blockchain.

The Aave ecosystem consists of multiple products and integrations within DeFi. Think of Aave Markets on different blockchains, integrations with wallets and other DeFi applications, and the Aave DAO. Through this DAO, AAVE holders vote on upgrades, risk parameters, and the further development of the protocol.

Aave was founded by Stani Kulechov, a Finnish entrepreneur and lawyer with a background in technology and law. The project initially started under the name ETHLend and was later renamed to Aave, which means ghost in Finnish and refers to the transparent nature of the protocol.

BTC Direct has been the European entry point to crypto since 2013. We make buying Aave straightforward, even if it is your first time:

• Trusted in Europe. BTC Direct is registered with the Dutch Central Bank (DNB) and operates under MiCA, the EU regulation for crypto.

• Familiar payment methods. Pay with iDEAL, Bancontact, Sofort, SEPA bank transfer, credit card, PayPal or Apple Pay. Your AAVE is on its way within minutes.

• Your coins, your control. We do not store your AAVE. After your purchase, your coins are sent straight to your own wallet address.

• Based in the Netherlands, serving all of Europe. Our experts are based in the Netherlands and answer in your language across the SEPA zone. Need help? We are here.

• Start with a small amount. From just €30. The minimum depends on the coin.

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Please note: for more information about this crypto asset, consult the official sources of the project at https://aave.com/. Cryptocurrencies, including Aave (AAVE), are volatile and carry risks. The value of AAVE can fluctuate greatly and investments can lead to financial losses. Always do your own research and only invest money that you are willing to lose.

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