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  1. Bitcompare
  2. Aave [OLD] (LEND)
Aave [OLD] logo

Aave [OLD] Price (LEND)

LEND/USD • $0.49

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Blockchain.com
LEND
$
1 LEND =$0.49Last updated: June 25, 2025
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Best Aave [OLD] (LEND) Prices

PlatformCoinPrice
Blockchain.comAave [OLD] (LEND)0.49

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Aave [OLD] Buying Guide

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Aave [OLD] LEND News

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About Aave (LEND)

Aave [OLD] (LEND) operates on a decentralized finance (DeFi) framework that facilitates peer-to-peer lending and borrowing without intermediaries. Its core technology is built on the Ethereum blockchain, leveraging smart contracts to automate the lending process and ensure transparency and security. While specific details about its consensus mechanism are not provided, it is important to note that Aave [OLD] benefits from Ethereum's proof-of-work (PoW) consensus, which validates transactions through a network of miners. The network architecture is designed to support various lending protocols, allowing users to deposit assets and earn interest or borrow against their collateral. As LEND is being migrated to AAVE at a rate of 100 LEND per 1 AAVE, users are encouraged to stay informed about this transition and its implications for the ecosystem.
Aave [OLD] (LEND) primarily serves as a utility token within the Aave protocol, enabling users to participate in decentralized lending and borrowing activities. One of its key use cases is allowing users to earn interest on their cryptocurrency deposits, which can be utilized for various purposes, such as liquidity provision or yield farming. Additionally, LEND holders can use the token to participate in governance decisions, influencing the future development of the Aave ecosystem. The migration of LEND to AAVE enhances its functionality, allowing users to access advanced features like flash loans, which enable instant borrowing without collateral, provided the loan is repaid within the same transaction. This innovative application of Aave [OLD] demonstrates its potential to revolutionize traditional finance by providing users with greater control and flexibility over their digital assets.
The tokenomics of Aave [OLD] (LEND) are structured to support its utility within the Aave protocol, with a total supply transitioning to AAVE at a rate of 100 LEND per 1 AAVE. This migration reflects a strategic shift aimed at enhancing the overall functionality and governance of the ecosystem. The distribution model of LEND was initially designed to incentivize early adopters and liquidity providers, fostering a robust community around the platform. As LEND is phased out in favor of AAVE, the supply dynamics will shift to accommodate the new token's features, which include governance rights and staking opportunities. This transition is expected to influence market dynamics by potentially increasing demand for AAVE as users seek to leverage its enhanced capabilities, while the diminishing supply of LEND may affect its market presence leading up to the full migration.
Aave [OLD] (LEND) operates on the Ethereum blockchain, which employs a proof-of-work (PoW) consensus mechanism to ensure network security and transaction validation. This process relies on a decentralized network of miners who validate transactions by solving complex cryptographic puzzles, thereby securing the integrity of the blockchain. The Aave protocol further enhances security through the use of smart contracts, which automate lending and borrowing processes while minimizing the risk of human error. Additionally, the protocol incorporates various security measures, such as collateralization requirements, to protect against defaults and ensure that loans are backed by sufficient assets. Regular audits and community oversight also contribute to the overall security framework, allowing for the identification and mitigation of vulnerabilities within the system.
The development roadmap for Aave (LEND) has been marked by significant milestones since its inception in November 2017. Initially launched as ETHLend, the project rebranded to Aave in 2020, introducing innovative features such as flash loans, which allow users to borrow assets without collateral, provided the loan is repaid within the same transaction. The protocol has undergone several upgrades to enhance its functionality and security, including the introduction of liquidity pools and the implementation of a governance model that empowers LEND holders to participate in decision-making processes. As part of its ongoing evolution, Aave is currently migrating LEND to AAVE at a rate of 100 LEND per 1 AAVE, a strategic move aimed at consolidating its ecosystem and expanding its capabilities in the decentralized finance space.

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Price of Aave [OLD] (LEND) Today

As of the latest data, Aave [OLD] (LEND) is currently priced at $0.01 with a market capitalization of $360,003.70, The circulating supply of Aave [OLD] is approximately 35947024.7612668. The cryptocurrency has seen a 0% decrease in value over the past 24 hours.