Aave, an open source and non-custodial liquidity protocol, is now live on Hashport, a public utility that enables fast and secure cross-network transfer of digital assets.
hashport is proud to announce the integration of the AAVE token and is now live on its platform!
This integration empowers users to move $AAVE across supported networks for DeFi, yield farming, and many other worlds of possibility. The $AAVE token is a fantastic addition to their expanding list of port-able assets.
What is AAVE?
Aave was initially launched as ETHLend in 2017 by Stani Kulechov due to a lack of lending applications on Ethereum. Aave is a decentralised non-custodial liquidity protocol where users participate as depositors or borrowers. Depositors provide liquidity to the market to earn passive income, while borrowers can take both over-collateralised or under-collateralised borrowing positions. The $AAVE token provides holders with discounted fees for services and functions as a governance token for the protocol. The platform offers services in around 20 cryptocurrencies and allows borrowers to switch between fixed and variable interest rates. Their flash loans were among the first uncollateralised loans in the DeFi space.
Technical Updates — $AAVE Token Addresses
Ethereum Contract Address: 0x7Fc66500c84A76Ad7e9c93437bFc5Ac33E2DDaE9
Hedera Token ID: 0.0.1055498
hashport is the enterprise-grade public utility that facilitates movement of digital assets between distributed networks, extending their functionality in a quick, secure, and cost-effective way.
Aave is a Swiss-based technology company founded in 2017 by Stani Kulechov, focused on empowering people through innovation across all industries through the development of decentralized and hybrid blockchain applications.