What is Aave? (Overview. Consensus. AAVE Tokenomics)

? What is Aave? Aave is a decentralized lending protocol that offers automated lending and lending services to its users. Aave specializes in overcollateralized loans, meaning those who make their crypto available to be traded by others are very unlikely to suffer losses as there is always more put up as collateral for the loan than can be lent. ? What makes Aave unique? Aave has introduced the smart contract practice of flash loans. This is a clever way to leverage smart contract technology in ways not possible in traditional finance. ? $AAVE Tokenomics AAVE has a total capacity of 16 million AAVE tokens, of which approximately 14.5 million are in circulation. The initial distribution of tokens was as follows: 30% went to core development, 20% to user experience development, 20% to management and legal affairs, 20% to promotion and marketing, and 10% to cover other costs. ? Read more about Aave: https://www.iexplaincrypto.com/ Timestamp ⏳ 00:00 Introduction 1:11 What is Aave? 3:20 How does Aave work? 5:36 What makes Aave unique? 6:56 AAVE Tokenomics