Source: AAVEUSD Chart by TradingView
Aave is an open source and non-custodial protocol enabling the creation of money markets. Depositors can earn interest on deposits and borrow assets. Aave Protocol supports more than 15 different assets, with a large selection of stablecoins.
Aave (which means “ghost” in Finnish) was originally known as ETHLend when it launched in November 2017, but rebranded now to Aave. The migration from LEND to AAVE is the first step in the Aavenomics. Migrating from LEND to AAVE token allows the users to participate actively on the Aave Protocol governance and stake within the protocol Safety Module.
Stani Kulechov is the founder and CEO of Aave, formerly known as ETHLend.
Aave community initiates proposal to freeze BUSD with Paxos’ halt of token minting imminent
Following Paxos move to halt minting BUSD, the Aave community has initiated a proposal to freeze its BUSD holding on Aave V2 Ethereum market.
Aave founder offloads entire LDO bag over 12 months for a total of $2.4M
Aave founder Stani Kulechov was given 2 million LDO tokens as an early investor in December 2020, which he held for a year and began selling at the end of 2021.
Mango Market hacker’s attempt to exploit Aave fails
Arkham Intelligence said Eisenberg's real target was AAVE's vulnerable looping system and his borrowings could leave the DeFi network with severe bad debt.
Aave Organization & Team
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