What is Aave (AAVE)?
Aave is one of the biggest decentralized finance service providers that specializes in lending and borrowing services for both digital and real-world assets. Anyone can participate in the Aave protocol as a depositor or borrower by interacting with Aave's liquidity pools, eliminating the need for an intermediary.
Established in 2017 by Stani Kulechov, Aave has grown tremendously with two big updates: V2 in December 2020 and V3 in March 2022. The Aave protocol was originally released on Ethereum and is currently on multiple blockchains including Avalanche, Harmony, Polygon, etc. At the time of this writing, more than USD 8.3 billion is locked in the protocol across 7 networks and over 13 markets.
How Aave (AAVE) Works
This is the basics of how Aave works: depositors give their funds to Aave's liquidity pools to earn interests, while borrowers can take out either an overcollateralized loan or an undercollateralized one.
Apart from these two fundamental features of Aave, the protocol also provides other services such as:
- Staking
- Swapping of deposited assets
- Flash loan (borrowing without any collaterals)
- Isolation Mode (allowing certain new assets to be used as collaterals in stablecoin-only loans with predetermined debt ceilings)
- Portal (allowing assets to move between different Aave markets)
etc.
How Many Aave (AAVE) Tokens Are in Circulation?
AAVE is the native governance and utility token of the Aave protocol. People can use AAVE to receive discounted fees, borrow more, participate in governance, or stake to receive 6% APY.
Total supply of AAVE: 16,000,000
Circulating supply of AAVE: 14,093,192.58
How to Buy Aave (AAVE)
Consider investing in Aave (AAVE)? It only takes 2 minutes to create an account on Bitget and start trading AAVE.
Check out the available AAVE trading pairs on Bitget!
Futures Market
Spot Market
Aave Resources
Simple 3-step guide to buying AAVE today in Slovakia
Create your free Bitget account
Select a funding method
Complete your Aave purchase
Step 1: Create a free account on the Bitget website or the app
Step 2: Place an order for Aave using a payment method of your choice:
Buy Aave with a debit/credit card
For Visa or Mastercard, select Credit/Debit card, then click Add New Card under the "Buy" tab
Credit/Debit in the Buy Crypto tab of the Bitget app
Credit/Debit in the Buy Crypto tab of the Bitget websiteSelect your preferred fiat currency, enter the amount you wish to spend, link your credit card, and then complete your payment with zero fees.
Add a new card to complete your payment on the Bitget app
Enter your bank card details to complete your payment on the Bitget websiteFor Diners Club/Discover card, click Buy Crypto > [Third Party] in the top navigation bar to place your Aave order.
How to buy crypto with credit/debit cardBuy Aave with Google Pay or Apple Pay
Converting your Google Pay and Apple Pay balance into Aave is easy and secure on Bitget. Simply click Buy Crypto > [Third Party] in the top navigation bar to place your Aave order.How to buy crypto via third-party gatewayBuy with bank transfer
We accept various payment methods, including iDeal and SEPA for EUR, PIX for BRL, PayID for AUD, UPI for INR, QRIS, DANA, and OVO for IDR, SPEI for MXN, and GCash for PHP. These services are facilitated by Alchemy Pay, Banxa, Mercuryo, and Simplex payment gateways. Simply select Buy Crypto > [Third Party] in the top navigation bar and select a fiat currency to place your Aave order.Buy Aave with the fiat balance in your Bitget account
You can Deposit fiat funds using SEPA to top up your Bitget fiat balance. Then click Buy Crypto > [Cash conversion] in the top navigation bar to place your Aave order.P2P trading
With Bitget P2P, you can buy crypto using over 100 payment methods, including bank transfers, cash, and e-wallets like Payeer, Zelle, Perfect Money, Advcash, and Wise. Simply place an order, pay the seller, and receive your crypto. Enjoy secure transactions with escrow protection.How to buy crypto on Bitget P2P
Step 3: Monitor Aave in your Bitget spot wallet
Bitget—where the world trades Aave
How to buy Aave for free
- Learn how to earn Aave for free through the Learn2Earn promotion
- Earn free Aave by inviting friends to join Bitget's Assist2Earn promotion
- Receive free Aave airdrops by joining ongoing challenges and promotions
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FAQ
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Slovakia, officially the Slovak Republic, is located in Central Europe. Bordered by Poland to the north, Ukraine to the east, Hungary to the south, Austria to the southwest, and the Czech Republic to the northwest, Slovakia is a landlocked country with no access to the ocean. It covers 49,035 square kilometres and has a population of 5.46 million. Slovakia joined the European Union on May 2004 and adopted the Euro (EUR) as its national currency and with EUR, you can purchase cryptos on Bitget within minutes.
A country featuring attractions both natural and cultural, Slovakia has no shortage of tourists both domestic and foreign. People flock to its mountains, caves, and spas for adventures and retreats. Tatra mountains, the highest mountain range in the Carpathian Mountains, are popular among hikers and skiers. Spelunkers favour numerous caves under the mountains in Slovakia. Numerous spas are welcoming visitors, chief among them from the Gulf countries, throughout the year. With 9 national parks covering 6.5% of its land surface, Slovakia is also home to several protected biospheres.
Slovakia features many castles and churches as cultural heritages from the middle ages. Cities and towns in Slovakia resemble those of Czech, Austria, and Hungary. Historical centres are also being restored and preserved throughout the country.
Whether you’re in Bratislava, Košice, or Prešov, there’s no better place to trade cryptocurrencies with ease than right here with Bitget. Our exchange uses a variety of secure methods, including P2P trading, crypto deposits, and other third-party merchants, such as Apple Pay, Google Pay, and numerous credit cards, to offer you plenty of payment options with proven security.