Convert AAVE to USD

AAVE crypto project was originally named ETHLend in 2017, but in 2018 there was a rebranding, after which it was called AAVE.

From the beginning, the founder was Stani Kulekhov. He saw the lack of instant credit services, so he created one. Moreover, another cause for the rebranding was the desire to work with more than just Ethereum. According to the owners, the project's target audience is people already involved with cryptocurrencies in some way. So, what does AAVE mean to experienced users and newbies? Let's see in this article.  

 

The most important advantage of the project is that it can lend over 20 cryptocurrencies. Who can use AAVE? People can use the service for a wide variety of projects and purposes. There are other important points:

• a user has to return their loan in one transaction;
• it is possible to alternate between variable and fixed interest rates;
• it is the biggest whale in the DeFi segment;
• collateral-free loans at a moment's notice;
• sale of debt.

 

The developers constantly maintain the currency's rankings, often coming out on top. The development team consists of 40-50 people who have vast experience. The project is active on different platforms: 32 repositories on GitHub, accounts in popular social networks, and messengers.

The project has an open-source code and is based on Ethereum.

 

The project is quite well-known and has a long list of trading pairs. You can choose any popular exchange to buy and convert AAVE:

• Binance;
• OKX;
• CoinW;
• Deepcoin;
• Bybit.

For storage, it is better to use the PassimPay service. Users get privacy, multi-level security systems, convenient and extensive functionality, and flexible pricing for the company's other services. 

 

AAVE has been fairly well capitalized throughout its history. At the time of launch in 2017, the first coins were issued, which attracted $16,000,000 in investments. This is a deflation technology, and in case of a deficit, the project can transfer coins from the credit reserve into regular circulation to hold the AAVE price. It is a good choice for investment. In addition, the developers have their business strategy, so investors' money is safe.