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

Aave [OLD]

LEND • Cryptocurrency

coins.hub.hero.metrics.price
Rp 0,49
↑ 0.00%
coins.hub.hero.metrics.market_cap
360K
coins.hub.hero.metrics.volume
N/A
coins.hub.hero.metrics.supply
35,95M
LEND
Rp
1 LEND =Rp 0,49
Updated 25 June 2025
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Best Aave [OLD] (LEND) Prices in Indonesia

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Blockchain.comAave [OLD] (LEND)0,49

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Price of Aave [OLD] (LEND) Today in Indonesia

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Aave [OLD] Purchasing Guide for Indonesia

How to purchase Aave [OLD] in Indonesia
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About Aave (LEND)

Aave [OLD] (LEND) is a decentralized finance (DeFi) protocol that enables users to lend and borrow cryptocurrencies without intermediaries, utilizing smart contracts on the Ethereum blockchain. The core technology of Aave is centered around its liquidity pools, where users can deposit assets to earn interest or borrow against their crypto holdings. The protocol operates on a system of over-collateralization, ensuring that loans are secured by collateral that exceeds the value of the borrowed asset. Aave employs a unique governance model, allowing LEND token holders to participate in decision-making processes regarding protocol upgrades and changes. 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 network's architecture and functionality.
Aave [OLD] (LEND) primarily serves as a platform for decentralized lending and borrowing, allowing users to earn interest on their cryptocurrency holdings or access liquidity without the need for traditional financial intermediaries. One significant use case is the ability for users to leverage their crypto assets for margin trading, enabling them to amplify their investment potential while maintaining exposure to their original assets. Additionally, Aave facilitates flash loans, which are uncollateralized loans that must be repaid within a single transaction block, allowing developers to execute complex trading strategies or arbitrage opportunities without upfront capital. These features exemplify Aave's role in enhancing financial accessibility and efficiency within the DeFi ecosystem, catering to both individual users and developers seeking innovative financial solutions.
The tokenomics of Aave [OLD] (LEND) are structured around its supply mechanisms and distribution model, which are designed to incentivize participation in the ecosystem. Initially launched with a total supply of 1.3 billion LEND tokens, the distribution model included allocations for the community, development team, and early investors, promoting a decentralized governance structure. As part of the migration process to AAVE, LEND holders are converting their tokens at a rate of 100 LEND per 1 AAVE, which aims to streamline the token's utility and enhance its value proposition within the Aave protocol. This transition is expected to further align the interests of the community and stakeholders while fostering a robust market dynamic that supports liquidity and governance participation in the evolving DeFi landscape.
Aave [OLD] (LEND) leverages the security features inherent to the Ethereum blockchain, which employs a proof-of-work consensus mechanism and is transitioning to proof-of-stake with Ethereum 2.0, to validate transactions and secure the network against malicious attacks. The protocol utilizes smart contracts to automate lending and borrowing processes, ensuring that all transactions are transparent and immutable. To enhance security, Aave incorporates a system of over-collateralization, requiring borrowers to deposit collateral that exceeds the value of the loan, thereby mitigating the risk of default. Additionally, the protocol undergoes regular audits by third-party security firms to identify vulnerabilities and ensure the integrity of its smart contracts, reinforcing user trust and safeguarding assets within the ecosystem.
Aave [OLD] (LEND) has undergone significant development since its inception, with key milestones marking its evolution within the decentralized finance landscape. Launched on November 30, 2017, the protocol initially focused on providing a decentralized lending platform, followed by the introduction of innovative features such as flash loans in 2020, which allow users to borrow assets without collateral for a single transaction. The protocol's transition from LEND to AAVE is a critical milestone aimed at enhancing governance and utility within the ecosystem, with the migration process currently facilitating the exchange of 100 LEND for 1 AAVE. Additionally, Aave has consistently expanded its offerings by integrating new assets and liquidity pools, as well as enhancing its user interface and experience, positioning itself as a leading player in the DeFi sector.

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