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Aave Price in India (AAVE)

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AAVE to INR Converter

As per last price at 00:00:00, 01/01/70

INR

AAVE

TRADE AAVE NOW

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AAVE Performance

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AAVE Market Information

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AAVE Price Today

The live price of Aave is ₹ 0 per (AAVE / INR) with a current market cap of INR. 24-hour trading volume is ₹ INR. AAVE to INR price is updated in real-time. Aave is +0% in the last 24 hours with a circulating supply of .

About Aave (AAVE)

What is Aave ?

Aave is a DeFi (decentralized finance) protocol designed as an open-source, decentralized money market or lending system. With Aave, you can lend, borrow, and earn interest on 17 different cryptocurrencies without any intervention from a middleman or third party.

In November 2017, Stani Kulechov, the founder, launched Aave under the name ‘ETHLend’. By September of the following year (2018), it was rebranded as Aave, a Finnish word meaning ‘ghost’. The rebranding emphasized the protocol’s goal to become an open and transparent infrastructure in DeFi.

The Aave network is becoming more self-governed by launching Aave (AAVE) native token with 1:100 migration allowed from LEND to Aave (Oct 2020) and Aave V2 (Dec 2020) with new features.

Is Aave a promising cryptocurrency?

Aave runs on the Ethereum blockchain and gives you exposure to a broad range of currencies to borrow and lend. As a lender, you can earn passive income on your crypto assets in a secure manner. As a borrower, you can even avail loans on the Aave protocol by posting collateral. 

However, when returning the loaned crypto assets, you need to complete the transaction in a single block. For instance, if you have taken a loan of 5 ETHs through the Aave protocol, you need to repay it all in a single transaction. You can’t pay it in installments.

If you want to use various cryptocurrencies without actually buying them by borrowing or want to earn income through lending, then the Aave cryptocurrency is the best option for you.

How to use Aave ?

Aave is a crypto lending ecosystem. When you request a loan, you have to post collateral of your crypto assets, against which you are issued a different cryptocurrency. Marked with Aave tokens, you can use each transaction to borrow or lend. When you lend your crypto assets to another party, your Aave token indicates the amount loaned, and you earn the lending interest accordingly. Aave offers a comparatively higher lending percentage of crypto (>75%) against collateral.

Pros & Cons of Aave

Pros

  • You get exposure to several other cryptocurrencies without buying them.
  • You can avail Flash or instant loans without posting collateral.
  • A discounted borrowing fee and a higher amount of borrowing are allowed if the collateral is Aave coin.
  • No fee is charged for borrowing if the loans are denominated in the Aave token.

Cons

  • Aave transaction speed is dependent on and limited to ETH blockchain.
  • Borrowed crypto has to be returned in a single transaction, making it a complex process that only experienced developers can comfortably handle.

Trade Aave on CoinSwitch kuber

CoinSwitch Kuber offers unmatched advantages for Aave coin trading:

  • User-friendly interface to help beginners trade easily.
  • Enjoy instant withdrawal and deposit of Aave cryptocurrency.
  • You can start buying Aave coins with just Rs. 100 
  • No trading fees

Aave ICO summary

The Initial Coin Offering or ICO of Aave successfully raised $16.2 million in 2017, while it was still known as ETHLend. As of  2021,  Aave has over $5 billion on its books. The Aave ecosystem includes several partnerships and collaborations for Aave Lending, Aave Clearing, Aave Custody, Aave Pocket, and Aave Gaming.

FAQs

1. How do I buy Aave?

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To buy Aave, do the following steps:

Step 1:

Sign in to your CoinSwitch app using your registered mobile number. Enter the OTP sent to your phone, then input your CoinSwitch PIN to access your account.

If you don't have an account, click here to register: new account.

Step 2:

After logging in, you'll find your CoinSwitch dashboard. Look at the top right corner for a search icon. Use it to find Aave.

Step 3:

Once you find Aave and are ready to buy, click on the Buy button at the bottom of the screen and follow the instructions to make your purchase.

2. What is the price of Aave?

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The price of 1 Aave is ₹0.

Note: Aave prices are subject to change in the future based on market trends.

3. What is the price of Aave today?

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The current price of 1 Aave is ₹0.

Note: Aave prices are subject to change in the future based on market trends.

4. Can I buy Aave for ₹100?

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Yes! You can buy Aave for as low as ₹100 on the CoinSwitch app.

5. How much is 1 Aave in rupees?

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The current value of 1 AAVE is ₹0.

6. What is the current trend in Aave?

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AAVE has been NaN% in the last 24 hours.

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AAVE to INR Converter

As per last price at 00:00:00, 01/01/70

INR

AAVE

TRADE AAVE NOW

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