About The AAVE Network (AAVE)
Aave is a decentralized lending system that was first built atop the Ethereum blockchain network after being founded in 2017. The Switzerland-based platform facilitates decentralized finance (DeFi) borrowing and lending of digital assets on the Ethereum, Polygon, and Avalanche blockchains.
Liquidity is provided on the Aave platform in a fully decentralized peer-to-peer (P2P) format. Due to the Ethereum Merge, Aave’s native cryptocurrency AAVE now utilizes proof-of-stake (PoS) consensus for transaction validation.
Apart from trading and staking, AAVE functions primarily as a network governance token used to make decisions such as which asset pairs to make available in Aave liquidity pools and other live DeFi alternatives. AAVE price is updated and available in real-time on Binance.