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Aave [OLD]

LEND Price
Price range last 24 hours
Rank #1346
Decentralized Finance (DeFi)
Ethereum Ecosystem
Market Cap
24 Hour Trading Vol
Circulating Supply
36.117,442 / 1.299,999,941
Total / Max Supply
Aave [OLD] to USD Price Chart

Aave [OLD] Price Today

Price LEND to USD now is $0.082. Trading volume by 24-hours $274. Aave [OLD], which_ranked #1346 price is down -1.3% in the past 24-hours. Aave [OLD] has circulating supply of $0 and have $2.941,205 capitalization. In additional, total supply is $36.117,442.

Highest price for Aave [OLD]

The all-time high price of LEND is $23.59, the record was set on the 0.

Lowest price for Aave [OLD]

LEND all-time low price is $0.003, the record was set on 0.

How much has the price of Aave [OLD] changed lately?

7 days ago the price was $0 , this changed the LEND price by 4.18378%

14 days ago the price was $0 , this changed the LEND price by 6.9924%

30 days ago the price was $0 , this changed the LEND price by 44.5475%

60 days ago the price was $0 , this changed the LEND price by -1.01649%

1 days ago the price was $0 , this changed the LEND price by -72.59059%

What is Aave [OLD]

Aave is a decentralized lending platform that runs on Ethereum Network which offers secure, peer-to-peer lending Smart Contracts. Aave strives to break through the traditional bank loans system with a more efficient solution. Aave also uniquely allows a borrower and a lender to decide on important loan details that can eliminate the need of a middle man. Due to the elimination of middlemen, process fee for a loan does not exist on this platform. This provide convenience to any lender and borrower to create loans on their agreed terms. Decentralized lending has fixed many issues and one of the reasons why is the transparency of loan. The Ethereum network provides a transparent ledger where all transactions are available to be inspected. Secondly, it isn’t necessary to find a trusted loan provider because all collateral which is the digital asset for loans are stored and locked in a smart contract and broadcasted on the public ethereum blockchain. It is also flexible for borrower to manage the collateral by refilling or withdrawing part of it. Borrower may make such changes when the lender is notified and aware of such movement. If the lender finds out that the action is not communicated, the lender is allowed to initiate a margin call. This year, Aave has made a major upgrades in its Q1 2018. They have deployed the new development for their peer-to-peer lending application named Alpha 0.3. The development process of Alpha 0.3 has started since the early of 2017. The new release also includes a completely new user interface which targets to lower the learning curve of user experience on the app. Furthermore, the new user interface has new sections to make lending process simpler such as including a ‘My Loan’ section, collectible badges and more. Other than that, the team is also in the process of developing more updates for the smart contracts. Hence, the team has decided to provide zero-fee lending with the use of LEND token as a medium of exchange, as an alternative to borrowing in Ethereum. The purpose of this is to provide a cross-blockchain lending currency which will prompt users to use LEND as the medium of exchange.