AAVE (Aave)
Project basic information
Issue Time：05/11/2020
Total Supply：16,000,000
Circulation：13,188,563
White paper：https://github.com/aave/aave-protocol/blob/master/docs/Aave_Protocol_Whitepaper_v1_0.pdf
Website：https://aave.com/
Block Explorer：https://etherscan.io/token/0x7Fc66500c84A76Ad7e9c93437bFc5Ac33E2DDaE9
Project Introduction
Aave is a decentralized finance protocol that allows people to lend and borrow crypto.
Lenders earn interest by depositing digital assets into specially created liquidity pools. Borrowers can then use their crypto as collateral to take out a flash loan using this liquidity.
Aave (which means “ghost” in Finnish) was originally known as ETHLend when it launched in November 2017, but the rebranding to Aave happened in September 2018. (This helps explain why this token’s ticker is so different from its name!)
AAVE provides holders with discounted fees on the platform, and it also serves as a governance token — giving owners a say in the future development of the protocol.