Exciting News! AAVE token Gets Listed on Cryptology!
🔹 Trading pair: AAVE/USDT
About Aave (AAVE)
AAVE is used as the center of gravity of Aave Protocol governance. AAVE token is used in their DAO 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/suppliers. Aave’s open-source protocol is built on Ethereum, a blockchain that is currently making the transition from Proof-of-Work to Proof-of-Stake. AAVE provides holders with discounted fees on the AAVE platform, and it also serves as a governance token — giving owners a say in the future development of the protocol.
The total supply of AAVE is 16M, of which 13M are redeemable by LEND holders with a ratio of 100 LEND per 1 AAVE.
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