Please note: like most trading venues, we display the current mid-market rates in our price charts. When you trade, you get the current bid or ask price depending on whether you are buying or selling. There is always a slight difference between the mid-market and the current bid or ask prices. This is a natural result of how Exchange order books work.
Aave (AAVE) is a decentralized financial protocol running on the Ethereum blockchain. Founded in 2017 by Finnish entrepreneur Stani Kulechov, the platform comprises a series of smart contracts that facilitate, sans middleman, the lending and borrowing of more than a dozen cryptocurrencies.
Interest-yielding digital assets deposited on the platform are authenticated and kept safe autonomously via a distributed network of computers (as opposed to one singular company).
Assets go into their own large, Aave-software-enabled liquidity pools tapped by borrowers. Aave’s system of smart contracts sets rates, whether fixed or variable. Only borrowing up to the value of posted collateral, users get special tokens, dubbed "aTokens," which are pegged to the value of that collateral and encoded, allowing lenders to receive interest. For instance, a user who deposited DAI would receive an "aDAI" token in exchange.
How to buy AAVE
With Uphold, you can buy digital currencies in just 11 clicks - even if you don’t have an account yet.
Nothing could be easier.
Here’s how fast it is to get started:
1. Go toand click .
2. Enter your email address and personal details.
3. Click the link we send you and create a password
… and you’re off to the races!
Just start trading.
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