Investment and technology themes
KANDO id: 4337026

Token information

Also known as


Smart contract
Smart contract
Smart contract
Smart contract
Smart contract
Smart contract
Smart contract
Smart contract

Digital asset type
Open source and non-custodial protocol to earn interest on deposits and borrow assets.


Aave (fun fact: the name is taken from the Finnish word for “ghost”) is a decentralised, open-source, and non-custodial liquidity protocol on Ethereum. Depositors earn interest by providing liquidity to lending pools, while borrowers can obtain loans by tapping into these pools with variable and stable interest rate options. Aave Protocol is unique in that it tokenizes deposits as aTokens, which accrue interest in real time. It also features access to Flash Loans and Credit Delegation as unco-llateralised loan options.

LEND will migrate to AAVE, via a Genesis Governance vote, at a rate of 100 LEND per 1 AAVE.

Allocation details
Segment % Notes
Ecosystem development 81.25 % Aave ecosystem reserve
Other 18.75 % LEND token holders

Project team

Team member Affiliations
Stani Kulechov photo

Stani Kulechov (founder)

Stani Kulechov is the Founder and CEO of Aave, an open source and non-custodial liquidity market protocol to earn interest on deposits and borrow assets. Stani was studying law at the University of Helsinki when he first got into Ethereum and he started exploring how it could impact the traditional financial system. In 2017, Stani released ETHLend, one of the first DeFi DApps ever. Since then, he has made it his mission to create tools for an open, transparent, and equitable financial ecosystem through Aave Protocol.


List of the current and past investors into Aave with their respective financial instruments.

Profile Country Phone Round
Alameda Research LLC Quantitative trading firm bringing expertise from Wall Street and Silicon Valley to provide liquidity in crypto markets worldwide. United States N/A
ArkStream Capital China N/A
Blockchain Capital LLC Venture capital fund with a focus on blockchain enabled technologies. United States +1 (415) 677-5340 N/A
DeFiance Capital Decentralized Finance (DeFi) focused cryptoasset fund that combines fundamental research with an active involvement approach. Singapore N/A
Diamond Atlas Capital Venture capital firm dedicated to driving innovation by advancing Web3 projects through capital, advisory, and strategic partnerships. N/A
Framework Ventures Multi-stage venture capital firm investing in blockchain and cryptocurrency digital assets. United States N/A
Ribbit Capital Venture capital firm that invests globally in early stage companies who are aiming to disrupt financial services. United States N/A
Three Arrows Capital Ltd (3AC) Hedge fund manager with heavy emphasis on cryptocurrency investments. Singapore N/A

Coin metrics

Price (USD) $ 275.1800
Circulating supply (units) 13,188,563
Market cap (USD) $ 3,629,229,373
Source CoinMarketCap OpCo LLC

Price history