Aave
Aave is a decentralized finance protocol that enables users to lend and borrow cryptocurrencies. Users can earn interest on their deposits and use their crypto as collateral to borrow others. It's known for its innovative features like flash loans, which allow for quick borrowing without collateral, provided the loan is returned within the same transaction. Aave operates on the Ethereum blockchain, ensuring security and transparency in its operations. Its governance is community-driven, giving token holders a say in the future development of the protocol.
Token Cards
Token Distribution:
Total Supply: The total number of AAVE Tokens is capped at 16 million. This limited supply helps in creating scarcity, potentially increasing the token's value over time.
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Ecosystem Fund: 30%
- (4.8 million tokens) dedicated to supporting the ecosystem, grants, and partnerships.
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Development Fund: 20%
(3.2 million tokens) reserved for the development team and future operational costs.
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Staking Rewards: 25%
(4 million tokens) allocated for rewards to users who stake their tokens in the protocol.
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Public Sale: 10%
- (1.6 million tokens) offered to the public through an initial coin offering (ICO).
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General Clause
This tokenomic model aims to balance the interests of the protocol's users, developers, and investors, while promoting long-term sustainability and growth of the Aave ecosystem.
