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29.15% -
Render
$7.83
9.00%
What is AAVE coin? What does AAVE mean?
The native cryptocurrency of the Aave decentralized lending platform, Aave Coin (AAVE), serves as a governance token for holders to influence the protocol's decision-making.
Oct 04, 2024 at 04:24 am
- What is Aave Coin?
Aave Coin (AAVE) is the native cryptocurrency of the Aave decentralized lending platform. It is a governance token that grants holders the power to vote on proposals that impact the protocol's development and direction.
- What Does AAVE Mean?
AAVE stands for A Automated Market Maker for Ethereum. It refers to the underlying technology behind the Aave platform, which uses smart contracts to automate the lending and borrowing of crypto assets on the Ethereum blockchain.
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