Overview of Aave

  • AAVE grammatical structures consist of the following forms: present tense third person /s/ absence (e.g., He play basketball), plural /s/ absence (e.g., Those five kid over there), double negatives, remote time been (e.g., I been known her meaning I have known her a long time), possessive /s/ absence (e.g., John book), copula absence (e.g., She nice), and habitual “be” forms (e.g., He be looking good, which implies a continuing, habitual form not present in Standard English but found in many other languages).
  • AAVE also pronounces "th" as voiceless "t" or voiced "v"(bruvvah.)
    AAVE often does not use "consonant clusters." As in the example above,
    a fewone speaking Ebonics drops the ‘ts’ in tests to get "tesses." Another
    important rule of Ebonics is concerning the verb "to be." Often used in
    the tense "bin," as used in example number one, means that the action is
    still going happening.
  • AAVE (also known as Black English Vernacular (BEV, or also BVE), Black English, or Ebonics, and recently African American English (AAE) ) is a sociolect, a variety of non-standard English spoken in the United States by African-Americans of lower socio-economic status.
  • Aave has seen significant growth in 2020, most of which can be attributed to its diverse collateral support and its forthcoming Aave V2 upgrade – featuring gas optimizations, credit delegation and liquidity mining.
  • Aave, a UK-based tech company which specializes in the development of decentralized and hybrid blockchain applications, announced on Wednesday the launch of bitcoin on its crypto lending marketplace platform, ETHLend.
  • Aave is clearly one of the most important protocols in the decentralised finance space and there is a big chance it will remain one of the main building blocks in defi for the foreseeable future. 
  • Aave Improvement Proposal (AIP) 16, put forth by venture capitalist and AAVE user Anjan Vinod, called for liquidity mining as a way to attract capital and ensure borrowers can get the loans they need.
  • Aave (AAVE) is a decentralized finance protocol aimed at using the power of blockchain technology to help users borrow and lend cryptocurrency using the framework set in place by Ethereum.
  • Aave charges a 0.30% fee on flash loans – giving it a steady revenue stream as the demand for unique Flash Loan features – like Automated Maker Vault Management – grows.
  • Aave’s native governance token is LEND; the only fees are 0.25% of originated loans and 0.09% of flash loans; these go toward burning LEND, rewarding lenders, and compensating affiliates.
  • Blockchain


    Interest rates are determined algorithmically based on supply and demand.The underlying interest rate models on the other hand are determined by the community of $AAVE token holders in a decentralized governance process.


    Using the Aave network and the token as governance, lenders can earn interest on the amount of cryptocurrency available to borrowers by depositing tokens into a liquidity pool.Borrowers ensure that they pay back what is lended to them by depositing cryptocurrency down as collateral. 


    Both Compound Finance and Aave appear to be the two top DeFi lending platforms.However, both have unique features that set them apart.Compound does have USDT as a usable asset, but Aave has a wider range of tokens on offer.For Aave, their new interest rates and regulations, like rate switching gives them a slight edge.For first time users, Aave offers great incentive rates.However, lending rates and Borrow fees are higher on average with Aave.Either way though, Aave has proven a good addition to the Defi community and should prove popular.You can read more about Compound ($COMP) here.


    There are a wide range of cryptocurrency brokers that support Aave, and the best broker for you will vary depending on where you live and the types of cryptocurrencies you want to invest in.

    ?Aave's Market Risk Assessment by Gauntlet?

    Gauntlet Network uses Agent Based Simulation to stress Aave V1, V2 and the Safety Module under stressed market conditions both in terms of price and market congestion.The simulations shows the Protocol is able to face extreme market conditions while maintaining solvency.


    The Aavenomics introduce a formalized path to the decentralization and autonomy of the Aave Protocol.

    ?Asset Risk?

    Asset Risk goes over the implications of adding a new asset.Aave's methodology quantifies the risks of each asset assessing its fit as well as the appropriate risk parameters.


    A deep dive into Aave's smart contracts to understand how the protocol works under the hood.


    Check Frequently Asked Questions for an introduction to Aave and its key features.


    The FlashPaper, a synthesis of the Aavenomics Proposal.

    ?Governance Forum?

    This forum is dedicated to Aave’s governance discussion for matters such as Aave Improvement Proposals (AIPs), risk factors, and general governance discussions.

    ?Risk Framework?

    The Risk Framework analyses the fundamental risks of the protocol and describes the processes in place to mitigate them.

    AAVE in Classroom Applications: What is Dialect Density?

    Dialect occurs in the language of African American students on a continuum from low (where, for instance, 10% of a speaker’s utterances are impacted by dialect) to high usage (where more than 50% of utterances are impacted).According to Dr.Washington, the density of African American English dialect has a tremendous impact on educational equity within the classroom.

    Aave surges 50%: What’s behind the meteoric rally?

    AAVE, the native governance token of the Aave lending protocol, rose by over 50% within the past day.

    How can I borrow on Aave?

    You go to the website, choose the token to borrow on and select the borrow option.

    How can I make a withdrawal on Aave?

    On the Aave dashboard, you go to deposit and select withdraw.

    How do I use the service?

    In order to use the service, you simply deposit your preferred asset and amount.After depositing, you will earn passive income based on the market borrowing demand.Additionally, depositing assets allows you to borrow by using your deposited assets as a collateral.Any interest you earn by depositing funds helps offset the interest rate you accumulate by borrowing.

    How Is the Aave Network Secured?

    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.

    How Many AAVE (AAVE) Coins Are There in Circulation?

    Circulation is linked to the total value locked on Aave, as tokens are burned whenever the protocol gathers fees.

    How to use Aaave?

    Like every protocol, Aave can be used through various interfaces such as Argent and DeFi Saver for example, as the smart contracts are open for anyone to use.However, the main interface which is maintained by the Aave core team and has most features is accessible on aave.com.

    How to use Aave?

    To start using the Aave protocol, head over to the native web interface, app.aave.com.After you connect your Ethereum wallet, you can click on the Deposit and Borrow links to see which assets in your wallet are supported and the current interest rates for all assets on Aave.If you’re a developer interested in trying out flash loans or building on the Aave protocol, you can start getting up to speed by reading through Aave’s developers docs.

    Is African American Vernacular English a Language?

    In December 1996, national attention in the United States turned to a new resolution passed by the Oakland Unified School District (OUSD).The controversial resolution defined what it called “Ebonics” as a language separate from English, so as to better meet the needs of the district’s African American student population whose way of speaking was being misunderstood and corrected by teachers who believed it to be slang or improper English.The aim of the resolution was to familiarize educators with AAVE and expand the district’s bilingual program to AAVE speakers.The decision was met with immediate backlash from politicians—such as the Rev.Jesse Jackson, who called the resolution “an unacceptable surrender” and “borderlining on disgrace.” Less than a month later the Linguistic Society of America unanimously passed a statement that supported the decision of the OUSD, citing the systematic nature of Ebonics as a valid reason for it to be recognized as a distinct linguistic system.

    Is It Cultural Appropriation To Use Drag Slang And AAVE?

    Illustration by Ebony Glenn, courtesy of the Bright Agency.

    Is there any risk?

    No platform can be considered entirely risk free.The risks related to the Aave platform are the smart contract risk (risk of a bug within the protocol code) and liquidation risk (risk on the collateral liquidation process).Every possible step has been taken to minimise the risk as much as possible– the protocol code is public and open source and it has been audited.Additionally, there is an ongoing bug bounty campaign live and running.You can find additional risk and security related information in the risk framework and security and audits sections.

    Should Aave Be Your Next Investment?

    Aave is among many exciting projects running using the Ethereum network’s decentralized application functionality.Decentralized application projects are currently being developed in a wide range of industries, including banking, gaming and file storage.

    What do studies of AAVE show?

    Dr.William Labov, creolist, sociolinguist, and professor at University of Pennsylvania, has spent his career studying linguistic change, starting with AAVE.It began in Manhattan, in a 1962 study that had him lurking through department stores across town, anonymously scribbling salespeople’s answers to his questions once he was out of their view.Oh, the things we do for science.

    What is AAVE ($LEND)?

    Aave Protocol with their native token $LEND is a leading company within the decentralized finance (DeFi) sphere.The Company allows its users access to its open-source and non-custodial protocol to create money markets, joining a growing list of projects like Compound to bring decentralized options to the masses.We look at who is Aave ($LEND), its uses and how it differs from other projects such as Compound Finance.

    What Is Aave (AAVE)?

    Aave is a decentralized finance protocol that allows people to lend and borrow crypto.

    What is Aave Protocol?

    Aave’s biggest and most integral aspect is Aave Protocol which was launched in January 2020.Its shift from ETHLend marked a significant shift in strategy for the Company.Going from decentralized P2P lending to a pool-based strategy, Aave Protocol is an open source an non-custodial protocol that allows users to create their own decentralized money markets on the Ethereum blockchain.

    What is Aave?

    Named after the Finnish word for “ghost”, London-based company Aave was set up in September 2018 after a successful initial coin offering (ICO) the previous year for its ETHLend token which raised USD$16.2 million.The executive team under ETHLend migrated to Aave upon its establishment with ETHLend becoming a subsidiary of Aave.In January 2020, ETHLend announced it was no longer in operation and its website would only remain active for current users to close down their existing loans.

    What is Aave?

    Aave is an open source and non-custodial protocol enabling the creation of money markets.Depositors can earn interest on deposits and borrow assets.Aave Protocol supports more than 15 different assets, with a large selection of stablecoins.

    What is Aave?

    Aave is a Decentralized Finance (DeFi) protocol that enables users to lend and borrow a diverse range of cryptocurrencies.It works similar to a bank in that it manages loans and interest accounts on behalf of users.However, unlike a bank Aave is powered by smart contracts on the Ethereum Blockchain that automate the daily operations (interest rates, loan payouts etc.), governance and the development of the Aave protocol.

    What is Aave?

    Aave (from the Finnish word for “ghost”) is an open source non-custodial protocol on Ethereum for decentralized lending and borrowing.For lenders, the protocol mints ERC20-compliant aTokens at a 1:1 ratio to supplied assets.Interest immediately starts compounding continuously, represented by a steady increase in the amount of aTokens held by the lender.This interest stream may be redirected to any address, separate from the aTokens that represent the underlying principal.Users can borrow against most supplied assets; the collateralization ratio and liquidation threshold depends on the asset, as does the liquidation penalty, which anyone can get as a bonus for liquidating an unhealthy loan.Interest rates adjust algorithmically based on supply and demand, but Aave lets borrowers opt in to and out of (at any time) a stable rate that changes less often.The protocol keeps a liquidity reserve to ensure withdrawal at any time.Aave offers flash loans: trustless, uncollateralized loans where borrowing and repayment must occur in the same transaction.Aimed at developers, this feature could lead to innovative uses of DeFi.Aave’s native governance token is LEND; the only fees are 0.25% of originated loans and 0.09% of flash loans; these go toward burning LEND, rewarding lenders, and compensating affiliates.Launched in Nov.2017 as P2P lending project ETHLend and rebranded to Aave in Sept.2018, the protocol went live on mainnet in Jan.2020 with 16 supported assets (13 can be used as collateral).Aave’s code has undergone two external security audits, and Aave maintains a bug bounty program.

    What is AAVE?

    If you call AAVE a dialect, you many support the Anglicist Hypothesis that enslaved African people on Southern plantations acquired English from their British owners.This hypothesis was the widely held opinion of how AAVE evolved until the 1960s.

    What is Aave?

    Aave is a decentralised non-custodial liquidity market 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 overcollateralised (perpetually) or undercollateralised (one-block liquidity) fashion.

    What is The CoinDesk 20?

    The CoinDesk 20 filters from the larger universe of thousands of cryptocurrencies and digital assets to define a core group of 20.

    What is the cost of the service?

    The platform has 2 type of fees.From borrowers, a 0.00001% of the loan amount is collected on loan origination (only in V1), from which 20% is used for referral integrators and 80% is allocated in the protocol fund.From Flash Loans, a 0.09% is collected from the loan amount, from which 70% is redirected as extra income for depositors of the protocol and 30% is split using the same 20%/80% model of the origination fee.There are also transaction fees for Ethereum Blockchain usage, which depend on the network status and transaction complexity.

    What Makes Aave Unique?

    Aave has several unique selling points when compared with competitors in an increasingly crowded market.During the DeFi craze in the summer of 2020, it was one of the biggest projects in terms of the total value of crypto locked in its protocol.

    Where are my deposited funds stored?

    Your funds are allocated in a smart contract.The code of the smart contract is public, open source, formally verified and audited by third party auditors.You can withdraw your funds from the pool on-demand or export a tokenised (aTokens) version of your lender position.aTokens can be moved and traded as any other cryptographic asset on Ethereum.

    Where Can You Buy Aave (AAVE)?

    Some of the biggest exchanges that list AAVE tokens include CoinDCX, Binance, CoinBene and OKEx.You can find out more about how to convert fiat into crypto here.

    Which Cryptocurrency Tokens are linked?

    There are 19 tokens available on Aave.These include DAI, USD Coin (USDC), TrueUSD (TUSD), USDT Coin (USDT), sUSD, Binance USD (BUSD), Ethereum (ETH), Basic Attention Token (BAT), Kyber Network (KNC), ChainLink (LINK), Decentraland (MANA), Maker (MKR), Augur (REP), SNK, Enjin Coin (ENJ), REN, WBTC Coin (WBTC), Yearn.finance (YFI) and Ox Coin (ZRX).

    Who Are the Founders of Aave?

    Aave, and its predecessor ETHLend, were founded by Stani Kulechov.At the time, he was frustrated at the lack of lending applications on Ethereum — and his project was built before decentralized finance even existed.

    Who is the team behind Aave?

    Aave has a wealth of talent and experience within its team.Stani Kulechov (CEO) and Jordan Lazaro Gustave (COO) have retained and migrated their roles from ETHLend, bringing their wealth of knowledge to Aave.Their diverse 18 man team bring together a wealth of experience in the startup scene.

    Why Aave?

    Aave offers the most diverse range of DeFi collateral of any lending protocol on the market.Aave offers the most diverse range of DeFi collateral of any lending protocol on the market.Backed by strong liquidity and the opportunity to protect against smart contract risk using Nexus Mutual, we’ve seen Aave carve out a significant market share in the DeFi lending market in 2020.Backed by strong liquidity and the opportunity to protect against smart contract risk using Nexus Mutual, we’ve seen Aave carve out a significant market share in the DeFi lending market in 2020.

    Why Aave?

    The Aave Protocol has been audited and secured.The protocol is completely open source, which allows anyone to interact with the user interface client, API or directly with the smart contracts on the Ethereum network.Being open source means that you are able to build any third-party service or application to interact with the protocol and enrich your product.

    History of Aave

  • In 2021, a major surge in DeFi tokens pushed Aave’s TVL to over $3B by mid-January.