What is the Price Of Aave?

Created by Stani Kulechov in 2017, this DeFi protocol is focused on enabling lending and borrowing transactions in around 20 cryptocurrencies. Aave has an IPFS-deployed open-sourced frontend and offers key features such as a choice of stable or variable interest rates, and credit delegation. In its latest iteration, AAVE is focused on four areas of enhancements: capital efficiency, protocol safety, decentralization, and user experience. This includes generating more yield for liquidity providers, optimizing borrowing power, and providing new functionalities. Currently ~$5.6 billion worth of liquidity is locked in AAVE across seven networks. The maximum supply of AAVE coins is capped at 16 million.