FXTM information and reviews
FXTM
95%
OctaFX information and reviews
OctaFX
94%
XM information and reviews
XM
93%
FXCC information and reviews
FXCC
92%
Libertex information and reviews
Libertex
91%
HFM information and reviews
HFM
89%

Aave Price, LEND/USD Exchange Rates


Aave (LEND) is a cryptocurrency token and operates on the Ethereum platform. Aave is a decentralized cryptocurrency lending platform. In fact, it was the first DeFi lending protocol when it launched its first main net as ETHlend in 2017 (this was before DeFi was even a thing!).

Aave allows users to lend and borrow cryptocurrencies in a decentralized and trustless manner. Simply put, there is no middle-man involved and no Know Your Customer (KYC) or Anti Money Laundering (AML) documentation is required to use the platform. In a nutshell, lenders deposit their funds into a “pool” from which users can then borrow. Each pool sets aside a small percentage of the asset as reserves to help hedge against any volatility within the protocol. This also conveniently allows lenders to withdraw their funds at any time.

Aave is strong of a +100k community, whose backing and feedback represent an integrated part of the company’s development process.

Aave offers 17 different assets for lending and borrowing including the Dai stablecoin (DAI), USD coin (USDC), True USD (TUSD), Tether (USDT), Synthetix USD (sUSD), Binance USD (BUSD), Ethereum (ETH),  ETHlend (LEND), Basic Attention Token (BAT), Kyber Network (KNC), Chainlink (LINK), Decentraland (MANA), Maker (MKR), Augur (REP), Synthetix Network (SNX), Wrapped Bitcoin (wBTC) and 0x (ZRX). While this is an impressive list indeed, not all of them can be used as collateral for a crypto loan. Like other lending protocols within the space, Aave offers overcollateralized loans, meaning that a user must lock an amount of collateral that is larger (in USD) than the amount being withdrawn. This amount depends on the asset and ranges from 50-75%.

“Aave” is a Finnish word which translates to “ghost” in English. The ghost represents Aave’s focus of creating a transparent and open infrastructure for decentralized finance.

Depositors provide liquidity by depositing cryptocurrencies into lending pools which will then allow them to earn interest. Meanwhile, borrowers can obtain loans by tapping into these lending pools in either an overcollateralized or undercollateralized way. The loans do not need to be individually matched i.e. one lender to one borrower. Instead, deposits into the pool and the amounts borrowed/ collateral are used to make instant loans based on the pool’s state. There are currently 2 money markets that users can enter into, these are Aave and Uniswap. Aave will soon be supporting 2 more markets: Set and Next.

Aave’s aim is to fill in the gaps left by centralised fintech industry giants like PayPal, Skrill and Coinbase. Their main product is Aave Protocol, an open source and non-custodial protocol for creating money markets on the Ethereum blockchain.

Aave has one feature that sets it apart from the rest. Flash loans allow customers or to take out loans without any collateral. These flash loans enable a customised smart contract to borrow assets from Aave’s reserve pools within one transaction. The loan is made on the condition that the liquidity is returned to the pool before the transaction ends. However, if it’s not repaid by that time, the transaction gets reversed- which will effectively undo any actions executed until that point and guarantee the safety of the funds in the reserve pool.

LEND/USD Price and Exchange Rates Charts

LEND/USD Price, Exchange Rates chart – 7 days

LEND/USD Price, Exchange Rates chart – 30 days

LEND/USD Price, Exchange Rates chart – 60 days

* Forex Rating accepts no liability for any errors in the Aave Price or LEND Information. For the most recent information please visit the Aave official site.

Top Cryptocurrencies

# Cryptocurrency 7 days
1 BTC Information Bitcoin -0.26%
2 ETH Information Ethereum -3.11%
3 USDT Information Tether 0.01%
4 BNB Information BNB -5.43%
5 USDC Information USD Coin 0%
6 BUSD Information Binance USD -0.02%
7 XRP Information XRP -5.05%
8 DOGE Information Dogecoin -8.72%
9 ADA Information Cardano -1.27%
10 STETH Information Lido stETH -3.32%
11 MATIC Information Polygon 1.81%
12 DOT Information Polkadot -1.38%
13 DAI Information Dai -0.05%
14 LTC Information Litecoin -2.18%
15 WTRX Information Wrapped TRON -1.15%
16 SHIB Information Shiba Inu -1.77%
17 SOL Information Solana 0.31%
18 HEX Information HEX 0.32%
19 TRX Information TRON -1.78%
20 UNI Information Uniswap 4.99%
Cryptocurrency Rating

Top Bitcoin Brokers

All Bitcoin Forex Brokers

BTC/USD Forecasts

How have Bitcoin and Forex affected each other in 2022?
How have Bitcoin and Forex affected each other in 2022?

Many news segments and their buzzwords dominated 2022: inflation, war, energy and currency crises, the FTX meltdown, and one bitcoin now being priced less than the cost of mining one...

7 Dec 2022

Bitcoin loses volatility again
Bitcoin loses volatility again

Bitcoin once again failed to get on the upside track, and its exchange rate fell to $17K, around which it has been languishing since the beginning of the month...

6 Dec 2022

Another false hope for the reversal in Bitcoin?
Another false hope for the reversal in Bitcoin?

Bitcoin attempted to climb out of the hole during the week, adding 6.5% to 17250 on Monday morning. Ethereum add 10%, to $1290. Other leading altcoins in the top 10 changed...

5 Dec 2022

Is Bitcoin A Good Investment?
Is Bitcoin A Good Investment?

Bitcoin has grabbed the attention of the world over the last decade, as it could represent a new form of decentralized money. The ability to have a trustless payment system...

1 Dec 2022

The crypto market has crawled to the top of the range
The crypto market has crawled to the top of the range

Bitcoin has gained 2.5% in the last 24 hours to $16.9K and has already tried to break above $17K. The price has been moving near the upper end of its range for the past three weeks...

30 Nov 2022

Some demand stabilisation in crypto
Some demand stabilisation in crypto

Bitcoin declined on Monday along with stock indices, testing six-day lows near $16K, following a decline in demand for risky assets due to unrest in China. Near this round level...

29 Nov 2022

FXCM information and reviews
FXCM
87%
ActivTrades information and reviews
ActivTrades
86%
RoboForex information and reviews
RoboForex
85%
MultiBank Group information and reviews
MultiBank Group
84%
FxPro information and reviews
FxPro
83%
Vantage information and reviews
Vantage
83%

© 2006-2022 Forex-Ratings.com

The usage of this website constitutes acceptance of the following legal information.
Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website (reviews, brokers' news, comments, analysis, quotes, forecasts or other information materials provided by Forex Ratings, as well as information provided by the partners), including graphical information about the forex companies, brokers and dealing desks, is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Forex Ratings shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about the forex companies. The entire responsibility for the contents rests with the commentators. Reprint of the materials is available only with the permission of the editorial staff.
We use cookies to improve your experience and to make your stay with us more comfortable. By using Forex-Ratings.com website you agree to the cookies policy.