Introduction
Aave was founded in 2017 by Stani Kulechov. It has its headquarter in London, United Kingdom.
Aave (from the Finnish word for "ghost") is an open source non-custodial protocol on Ethereum for decentralized lending and borrowing. For lenders, the protocol mints ERC20-compliant aTokens at a 1:1 ratio to supplied assets. Interest immediately starts compounding continuously, represented by a steady increase in the amount of aTokensheld by the lender. This interest stream may be redirected to any address, separate from the aTokens that represent the underlying principal. Aave offers flash loans: trustless, uncollateralized loans where borrowing and repayment must occur in the same transaction. Aimed at developers, this feature could lead to innovative uses of DeFi.
The Aavenomics introduce a formalized path to the decentralization and autonomy of the Aave Protocol. Covering governance mechanisms and financial incentives, it aims to share a vision of alignment between various stakeholders within the Aave ecosystem, protocol functionality and the AAVE token as a core securing element of the Aave Protocol.
Mission
The mission of Aave is to create a Shelling Point where the protocol’s growth, sustainability and safety take priority over individual stakeholder objectives.
Why Aave?
Aave is a fully decentralized, community governed protocol with 108,338 token holders.
Funding
Aave has raised a total of $49M in funding over 6 rounds and is funded by 8 investors.
Below, are the details of the different rounds of funding received by Aave.
Funding Round | Money Raised | Number of Investors | Lead Investors |
Secondary Market | - | 1 | - |
Venture Round | $25M | 3 | Blockchain Capital
Blockchain.com Ventures
Standard Crypto |
Initial Coin Offering | $3M | 2 | Framework Ventures |
Initial Coin Offering | $4.5M | 1 | - |
Initial Coin Offering | - | 1 | DTC Capital |
Initial Coin Offering | $16.5M | - | - |
Acquisitions
Aave has made no acquisitions yet.
