What is Aave protocol?

Aave is a decentralized non-custodial 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 overcollateralized (perpetually) or undercollateralized (one-block liquidity) fashion.

Previously known as LEND, Aave swapped its native LEND token for the new AAVE governance token, in its effort to decentralize ownership of the Ethereum-based money market.

What trading pairs are available for AAVE?

The trading pair Liquid supports for Aave Protocol is AAVE/BTC.

Trading:

Effective 11th November 2020 5 pm JST (UTC +9)

Withdrawal:

Effective 11th November 2020 5 pm JST (UTC +9)

What else should I know about AAVE?

Aave has launched its first Aave Improvement Proposal to ratify the migration from LEND to AAVE, where token holders voting to ratify a token migration that implements the Aavenomics changes including staking incentives, yield farming, and a backstop module on top of decentralized governance.

Aave has solidified as a crucial foundation of the DeFi ecosystem. The migration to AAVE is set for gas optimizations that are sure to take the sector-leading protocols to new highs in the coming months.

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