Name : Aave (AAVE)
AAVE Price : $327.469 -2.56%
Consensus Mechanism : Proof of Stake
Volume: 555,785,311
Market Cap: 4,922,707,176
Shariah Judgement
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Last Screening: Q3 2024
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Overview
Aave (AAVE) is the native cryptocurrency of the Aave protocol, a decentralized finance (DeFi) platform that enables users to borrow and lend various cryptocurrencies without intermediaries. Initially launched as EthLend in 2018, the platform rebranded to Aave and shifted from a peer-to-peer lending model to a pool-based model, where users deposit assets into liquidity pools that can be borrowed by others. The Aave protocol has undergone an audit by CertiK to ensure its security and reliability.
Whitepaper & Documents
Sharlife uses TradingView technology to present price information through charts. TradingView serves as a charting platform catering to a worldwide community of traders and investors. With robust support across browsers, desktops, and mobile applications, the platform offers exceptional access to real-time data such as Dow Futures and BTC USD Chart, as well as the latest news, financial reports, stock screener, and economic .
COMMENTS
1 Comments
Abdullah
2 months agoIs this not problematic, like is this not Riba?
"Aave is an Open Source Protocol to create Non-Custodial Liquidity Markets to earn interest on supplying and borrowing assets with a variable interest rate."
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