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Aave price calculator

Use the Aave price calculator to convert prices for AAVE trading pairs and for all markets on the BTC Markets exchange.

About Aave (AAVE)

Aave (AAVE) is a decentralised finance protocol that allows people to lend and borrow crypto. Lenders can earn interest on their crypto, while borrowers can put up their holdings as collateral in order to take out flash loans from a special liquidity pool. It is built on the Ethereum blockchain and is a deflationary digital asset. Holders of the Aave token can also vote and decide on the outcome of Aave Improvement Proposals (AIPs).

Using Aave (AAVE) price information

As a supplier, you supply your preferred asset and amount, after which you earn a passive income. There are interaction costs involved with using the Aave protocols. Transaction fees for Ethereum Blockchain usage depend on the network status and transaction complexity.  When it comes to navigating the dynamic landscape of cryptocurrency, you require access to reliable and up-to-date market information.  By monitoring the AAVE price, you can identify trends, make predictions, and execute trades at opportune moments. 

Frequently asked questions

What is AAVE and how does it work?

AAVE is a pioneering decentralised finance (DeFi) platform. It offers an open-source and non-custodial liquidity protocol for earning interest on deposits and borrowing assets. 

AAVE operates on the Ethereum blockchain, enabling users to participate in lending and borrowing without intermediaries. So, you can lend your cryptocurrencies to a liquidity pool to earn interest or borrow against your crypto holdings. This gives you flexibility and autonomy over your financial assets.

How is the price of AAVE determined?

Like other cryptocurrencies, the AAVE price is determined by the balance of supply and demand in the market. 

Factors influencing its price include investor sentiment, market trends, the overall health of the DeFi sector, and macroeconomic indicators. Liquidity on exchanges, news about the platform, and technological advancements within the AAVE ecosystem also play significant roles in shaping its market price.

What sets AAVE apart from other decentralised finance (DeFi) platforms?

A key reason AAVE is popular is its ease of use, enabling many people to get on board the cryptocurrency revolution.

This is partly due to the platform's governance being fully decentralised, which allows AAVE token holders to participate in decision-making processes. 

AAVE also distinguishes itself through innovative features such as ‘flash loans’, where users borrow crypto without collateral - as long as the funds are returned in the same Ethereum transaction.

How does AAVE ensure the security of user funds and transactions?

Security is paramount on the AAVE platform, with a built-in insurance security mechanism called the Safety Module (SM). This contains AAVE tokens that are staked by users in exchange for the AAVE-denominated rewards, or the passive income earned by interest.

This reserve of tokens is used in the case of bad debts. While AAVE’s liquidation algorithm is very effective at preventing them, bad debts can still occur when there is thin liquidity from a particular token.

If fewer funds are returned to the loan pool than what was borrowed, the SM can sell a portion of the AAVE tokens held in reserve to make the pool whole again.

Find out the latest Aave news

Weekly Crypto Wrap: 30th November 2023

Weekly Crypto Wrap: 30th November 2023

Read more - Weekly Crypto Wrap: 30th November 2023


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