Aave - Open Source Protocol to create Non-Custodial

Decentralized finance (DeFi) is the realization of a long-held vision in blockchain technology: a financial system that doesn't rely on any institution or entity.

Smart contracts, which automatically execute actions when certain conditions are met, make this possible. DeFi functions similarly to a bank, but no bank is involved. DeFi allows automated loans to be negotiated between strangers according to the rules of smart contracts.

DeFi does not depend on banks or any other central institution. This allows individuals to borrow more efficiently and earn higher deposit returns.

How does it work?

Interacting with the Aave Protocol can be done right from the Enjin Wallet:

  • Open Aave in the Enjin DApp Browser

  • Choose the "Aave Market" pool

  • Select "Browser Wallet" to link your Enjin Wallet to the Aave Protocol

  • You're now ready to go!

How to borrow on Aave

Users can borrow from any cryptocurrency pools listed on Aave for variable and stable interest rates. To do so, users will need access to a web 3.0 digital wallet:

  • Before borrowing, users must deposit a digital asset for collateral. The amount available to borrow will correlate to the amount deposited as collateral.

  • Note that all loans are over-collateralized, meaning that the deposit has to be larger than the loan.

  • After depositing collateral, find the cryptocurrency you wish to borrow on the Aave home page.

  • Click "borrow" on the right of the screen.

  • You will then be prompted to connect your web 3.0 digital wallet. Once connected, choose the amount you would like to borrow. You must then select a stable or variable interest rate for the loan.

  • Choose the preferred interest rate and confirm the transaction through your web 3.0 digital wallet.

How to lend on Aave

Users can deposit many different cryptocurrencies on Aave for varying interest levels. Some cryptocurrencies characteristically return higher yields than others, but interest rates constantly change.

To deposit funds on Aave, you will need to connect to the site using a web 3.0 Ethereum digital wallet such as Metamask or Formatic:

  • On the Aave homepage, click "deposit" next to the asset that you would like to lend.

  • Enter an amount and confirm the transaction through your web 3.0 wallet.

  • Once the transaction is complete, you will receive the associated tokens in your digital wallet.

Where to buy AAVE

Compare exchanges that list the AAVE token on things like payment methods, fees and features.

Coinmama Cryptocurrency Marketplace

SoFi Invest Crypto

eToro USA LLC Cryptocurrency Trading

Kraken Cryptocurrency Exchange

Aave FAQ

  • How to Purchase Aave

Aave can be purchased by placing a buy order at your chosen exchange. If you are wondering how to buy Aave and find a suitable exchange that supports Aave trading, you will be thrilled to know that the Kriptomat exchange supports Aave for buying and selling.


  • How To Sell Aave

Aave can be sold in the same way you bought it. You can sell AAVE if you already own it and keep it in a Kriptomat wallet.


  • Aave Price

Aave, like all crypto assets, is volatile. This is why Aave's price fluctuates and is constantly changing. Its value can be affected by traditional factors, such as market sentiment, project news and developments, market mood, cryptocurrency exchanges' movements, and the economy generally. AAVE's value is affected by its total value, which is why tokens are destroyed whenever fees are incurred.


Current Aave (AAVE), price: 74.92 EUR.

AAVE's 24-hour trading volume is 119 277 504 EUR. AAVE currently ranks 52 among all cryptocurrencies by market capitalization, with a total market cap of 1,060 399,594 EUR. It currently has a circulating supply in excess of 14,099 201 AAVE.


Register now to start your journey into Aave and cryptocurrency with Kriptomat