Aave

AAVE Launched 2017 source

What this page is: neutral, sourced facts about Aave. Every line links where it was checked. 9 facts, 0 from primary sources. Educational, not financial advice.

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Launch

In January 2020, the protocol was relaunched under the new name Aave (Finnish for 'ghost') with a liquidity pool model. secondary source source

Founders and creators

Stani Kulechov. secondary source source

Origin story

Originally launched as ETHLend. secondary source source
Aave was founded in 2017 under the name ETHLend. secondary source source

Stated purpose

Decentralized lending and borrowing protocol. secondary source source

Consensus mechanism

AAVE tokens have been built based on the ERC-20 standard. secondary source source

Supply model

Total supply of 16 million AAVE. secondary source source

Main uses today

Aave enables the lending and borrowing of cryptocurrencies without intermediary financial institutions; the AAVE governance token allows holders to vote on protocol changes. secondary source source

Key milestones

In 2023, Aave announced the launch of a decentralized stablecoin called GHO. secondary source source

Sources & studies

Last checked: 2026-11-04 · Prices, market caps and circulating supply are left out on purpose because they change by the minute. Educational, not financial advice.

Education only, not financial advice. No signals. Backtests are hypothetical: real trading can be worse. Past results don't predict future results.