What is Aave (AAVE)?
Aave is one of the biggest decentralized finance service providers that specializes in lending and borrowing services for both digital and real-world assets. Anyone can participate in the Aave protocol as a depositor or borrower by interacting with Aave's liquidity pools, eliminating the need for an intermediary.
Established in 2017 by Stani Kulechov, Aave has grown tremendously with two big updates: V2 in December 2020 and V3 in March 2022. The Aave protocol was originally released on Ethereum and is currently on multiple blockchains including Avalanche, Harmony, Polygon, etc. At the time of this writing, more than USD 8.3 billion is locked in the protocol across 7 networks and over 13 markets.
How Aave (AAVE) Works
This is the basics of how Aave works: depositors give their funds to Aave's liquidity pools to earn interests, while borrowers can take out either an overcollateralized loan or an undercollateralized one.
Apart from these two fundamental features of Aave, the protocol also provides other services such as:
- Staking
- Swapping of deposited assets
- Flash loan (borrowing without any collaterals)
- Isolation Mode (allowing certain new assets to be used as collaterals in stablecoin-only loans with predetermined debt ceilings)
- Portal (allowing assets to move between different Aave markets)
etc.
How Many Aave (AAVE) Tokens Are in Circulation?
AAVE is the native governance and utility token of the Aave protocol. People can use AAVE to receive discounted fees, borrow more, participate in governance, or stake to receive 6% APY.
Total supply of AAVE: 16,000,000
Circulating supply of AAVE: 14,093,192.58
How to Buy Aave (AAVE)
Consider investing in Aave (AAVE)? It only takes 2 minutes to create an account on Bitget and start trading AAVE.
Check out the available AAVE trading pairs on Bitget!
Futures Market
Spot Market
Aave Resources
Simple 3-step guide to buying AAVE today in Portugal
Create your free Bitget account
Select a funding method
Complete your Aave purchase
Step 1: Create a free account on the Bitget website or the app
Step 2: Place an order for Aave using a payment method of your choice:
Buy Aave with a debit/credit card
For Visa or Mastercard, select Credit/Debit card, then click Add New Card under the "Buy" tab
Credit/Debit in the Buy Crypto tab of the Bitget app
Credit/Debit in the Buy Crypto tab of the Bitget websiteSelect your preferred fiat currency, enter the amount you wish to spend, link your credit card, and then complete your payment with zero fees.
Add a new card to complete your payment on the Bitget app
Enter your bank card details to complete your payment on the Bitget websiteFor Diners Club/Discover card, click Buy Crypto > [Third Party] in the top navigation bar to place your Aave order.
How to buy crypto with credit/debit cardBuy Aave with Google Pay or Apple Pay
Converting your Google Pay and Apple Pay balance into Aave is easy and secure on Bitget. Simply click Buy Crypto > [Third Party] in the top navigation bar to place your Aave order.How to buy crypto via third-party gatewayBuy with bank transfer
We accept various payment methods, including iDeal and SEPA for EUR, PIX for BRL, PayID for AUD, UPI for INR, QRIS, DANA, and OVO for IDR, SPEI for MXN, and GCash for PHP. These services are facilitated by Alchemy Pay, Banxa, Mercuryo, and Simplex payment gateways. Simply select Buy Crypto > [Third Party] in the top navigation bar and select a fiat currency to place your Aave order.Buy Aave with the fiat balance in your Bitget account
You can Deposit fiat funds using SEPA to top up your Bitget fiat balance. Then click Buy Crypto > [Cash conversion] in the top navigation bar to place your Aave order.P2P trading
With Bitget P2P, you can buy crypto using over 100 payment methods, including bank transfers, cash, and e-wallets like Payeer, Zelle, Perfect Money, Advcash, and Wise. Simply place an order, pay the seller, and receive your crypto. Enjoy secure transactions with escrow protection.How to buy crypto on Bitget P2P
Step 3: Monitor Aave in your Bitget spot wallet
Bitget—where the world trades Aave
How to buy Aave for free
- Learn how to earn Aave for free through the Learn2Earn promotion
- Earn free Aave by inviting friends to join Bitget's Assist2Earn promotion
- Receive free Aave airdrops by joining On-going challenges and promotions
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FAQ
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Located on the stunning Iberian Peninsula of Southwestern Europe is the nation of Portugal, home to more than 10 million people and two autonomous archipelagos – Azores and Madeira – that have their own regional governments. Its capital city is Lisbon, acting as the country’s financial, political and cultural hub. With a history of being one of the first global maritime and commercial empires, Portugal also possesses the 14th largest gold reserves in the world, with a GDP estimated to be around US$432 billion in 2022.
While Lisbon is no doubt one of the country’s most appealing tourist destinations – thanks to sights like the Church of São Vicente de Fora, the Belém Tower, and the Carmo Convent – other major cities in the region have also proven popular, including Porto, Madeira and Lagos. For the best of Portuguese cuisine, you might also want to try caldo verde, bacalhau, grilled sardines, bifanas, and piri-piri chicken.
Portugal’s official language is Portuguese and its national currency is the Euro (EUR), and with direct support for both from Bitget’s website and app, you can purchase Aave(AAVE) in just a few clicks, whether you’re in Lisbon or Porto or Coimbra or Sintra. Our exchange offers a series of secure payment options to make your trading experience safer and more convenient, including P2P trading, crypto deposits, other third-party merchants such as Apple Pay, Google Pay, and a range of different credit card services.