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When will the Aave coin go online (What is the issuance price of the Aave coin)?

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When will the Aave coin go online? The Aave coin is a decentralized lending pro

When will the Aave coin go online (What is the issuance price of the Aave coin)?

When will the Aave coin go online? The Aave coin is a decentralized lending protocol based on Ethereum. It allows borrowers to earn interest and obtain loans, as well as collateralize their assets in other cryptocurrencies on the platform, such as Bitcoin, ETH, and DAI.

Aave, coded as ACR and also known as AP in Chinese, has a governance token called AMPL with a total supply of 1 billion coins. Its deflationary mechanism unlocks rewards when there is sufficient collateral, and mining participation and profits decrease without incentives.

AAVE is the first DeFi project to use off-chain voting to determine interest rate changes, and it automatically executes price adjustments through smart contracts.

What is the issuance price of the Aave coin

Editor’s note: This article is from BlockBeats (ID: 0xCd7b5e6f) and is authorized for reposting by Odaily Planet Daily.

According to Debank data, the total locked value of Aave has exceeded $100 million and currently ranks 13th on the Ethereum blockchain. In terms of market value, its current market share in the public chain field is approximately 68.8%, ranking highly in the industry. The main functions of the Aave protocol include borrowing and lending, decentralized exchanges, and oracles, allowing users to participate in the creation and collateralized lending of smart contracts.

As of the time of writing, the price of the AAVE token on its platform has risen to around $10. Aave founder Stani Kulechov stated, “We believe that with the development of DeFi, more financial services will become more convenient, which is a very important step for Aave.”

According to CoinMarketCap data, the current total circulating supply of Aave is 2,500,000 coins.

According to DuneAnalytics data, the current supply of Aave is 3,000,000 coins, with 50% used for liquidity mining rewards (i.e., the amount of collateral), 30% for voting system rewards (governance control of the system), and the rest allocated to community members (how to allocate is determined by the team through incentives).

Based on this calculation standard, the circulating supply of AAVE is the highest, but as it is not just a currency but a savings-type investment product, its inflation rate is also considerable. (Note: Aave issuance price = issuance time / supply rate * locked annual interest rate ÷ annual interest rate)

If you want to manage funds in the Aave protocol, you need to first provide $10 million to the DAO as initial liquidity to ensure that all assets in the Aave protocol can be safely and seamlessly deposited in the hands of deposit institutions or borrowers without the need for any third-party intervention.

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