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Wednesday, December 6, 2023

Aave.com Coin Review: Guide About Aave Coin

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About Aave.com

Aave.com (aENJ) is a cryptocurrency and operates on the Ethereum platform. Aave Enjin has a current supply of 0. The last known price of Aave Enjin is 1.31053834 USD and is up 14.48 over the last 24 hours. It is currently trading on 1 active market(s) with $0.00 traded over the last 24 hours. Aave is a decentralized non-custodial liquidity market protocol where users can participate as depositors or borrowers. Depositors provide liquidity to the market to earn a passive income, while borrowers are able to borrow in an over collateralized (perpetually) or under collateralized (one-block liquidity) fashion.

Important Points Table Of Aave.com

Coin NameAave.com
Short Name DWZ
Max SupplyN/A
ExplorerClick Here To View
Source Click Here To View
WebsiteClick Here To Visit

How to Buy the Aave.com (aENJ) Coin & Trade On Exchange?

First Step

Buying aENJ Is Very Easy Task . Just Find Exchange Where aENJ Available & Buy Through Your Credit & Other Altcoin .

Second Step

Once You Purchased aENJ. Now It Is Time To Store Your DWZ Or Start Trading On Exchange.

How do Aave.com use the service?

Aave.com order to use the service, you simply deposit your preferred asset and amount. After depositing, you will earn passive income based on the market borrowing demand. Additionally, depositing assets allows you to borrow by using your deposited assets as collateral. Any interest you earn by depositing funds helps offset the interest rate you accumulate by borrowing.

What is the cost of the service?

The platform has 2 type of fees. From borrowers, a 0.00001% of the loan amount is collected on loan origination (only in V1), from which 20% is used for referral integrators and 80% is allocated in the protocol fund. From Flash Loans, a 0.09% is collected from the loan amount, from which 70% is redirected as extra income for depositors of the protocol and 30% is split using the same 20%/80% model of the origination fee. There are also transaction fees for Ethereum Blockchain usage, which depend on the network status and transaction complexity.

The live Aave Enjin price today is $1.31 USD with a 24-hour trading volume of not available. Aave Enjin is up 14.48% in the last 24 hours. The current CoinMarketCap ranking is #4254, with a live market cap of not available. The circulating supply is not available and the max. supply is not available.

Why Aave?

The Aave.com Protocol has been audited and secured. The protocol is completely open-source, which allows anyone to interact with the user interface client, API or directly with the smart contracts on the Ethereum network. Being open-source means that you are able to build any third-party service or application to interact with the protocol and enrich your product.

Aave (AAVE) token

Aave.com is used as the centre of gravity of Aave Protocol governance. AAVE is used to vote and decide on the outcome of Aave Improvement Proposals (AIPs). Apart from this, AAVE can be staked within the protocol Safety Module to provide security/insurance to the protocol/depositors. Stakers earn staking rewards and fees from the protocol. Documentation on tokenomics and governance is available in the flash paper and with further detail in the full documentation. Feel free to join the discussion in the governance forum.

Is there any risk?

No platform can be considered entirely risk-free. The risks related to the Aave platform are the smart contract risk (risk of a bug within the protocol code) and liquidation risk (risk on the collateral liquidation process). Every possible step has been taken to minimize the risk as much as possible– the protocol code is public and open source and it has been audited. Additionally, there is an ongoing bug bounty campaign live and running. You can find additional risk and security-related information in the risk framework and security and audits sections.

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Crypto investments come with high risk and you should always exercise caution when investing in any crypto asset. Investing in crypto carries a high level of risk, and may not be suitable for all investors. Any investment decisions made by you are made at your own risk and we are not responsible for any losses that may occur. Before investing, we recommend you consult a financial advisor to understand the risks and rewards associated with investing in crypto.

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