XREX listed Aave (AAVE) on 18 August 2022. This further diversifies the list of tokens and coins that users can buy, sell, convert, and trade on the XREX platform. We are glad to offer more investment options to our users after detailed analysis conducted by our security and risk management teams.

In this article, we've prepared some basic information about one of our listed cryptocurrency on the XREX crypto-fiat exchange – AAVE.

Basic information:

Coin name: AAVE

Issuer: Decentralized Anonymous Organization (DAO), and it's 100% user-controlled.

Supply: There is a maximum supply of 16,000,000 AAVE ,Circulating Supply: 13,980,000 AAVE

Description:

Aave (AAVE) is a lending system that allows users to lend, borrow, and earn interest on crypto assets. The platform is a decentralized money market protocol where users can participate as either borrowers or lenders. Here, borrowers can borrow cryptocurrencies by paying variable interest rates. At the same time, the lenders provide liquidity to the market to earn passive income in the form of interest. In simpler words, Aave is a decentralized finance (DeFi) lending platform that creates an open and transparent system that works without the involvement of any intermediaries.

Important links:

Whitepaper: https://github.com/aave/aave-protocol/blob/master/docs/Aave_Protocol_Whitepaper_v1_0.pdf

Official website: https://aave.com/

We are glad to offer more coins and tokens to our users on the XREX crypto-fiat exchange. However, before investing in any cryptocurrencies, it is important to do one’s own research and have a comprehensive understanding as cryptocurrency trading is subject to high market risk.

Happy trading!

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