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

Aave [OLD]

LEND • Cryptocurrency

coins.hub.hero.metrics.price
R 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
R
1 LEND =R 0,49
Updated 25 June 2025
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Best Aave [OLD] (LEND) Prices in South Africa

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

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Price of Aave [OLD] (LEND) Today in South Africa

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Aave [OLD] Buying Guide for South Africa

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

Aave [OLD] (LEND) is a decentralized lending protocol that operates on the Ethereum blockchain, enabling users to lend and borrow cryptocurrencies in a secure and efficient manner. The protocol utilises smart contracts to facilitate transactions, ensuring transparency and trust without the need for intermediaries. While LEND itself does not have a specified consensus mechanism or hashing algorithm, it relies on Ethereum's proof-of-work (PoW) model, which secures the network through a decentralised consensus among miners. The architecture of Aave allows for the creation of liquidity pools, where users can deposit their assets and earn interest, while borrowers can access these funds by providing 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 protocol's functionality and governance.
Aave [OLD] (LEND) primarily serves as a decentralized lending and borrowing platform, enabling users to leverage their cryptocurrency holdings for various financial activities. One of the key use cases is providing liquidity to the market, where users can deposit their assets into liquidity pools and earn interest, thereby facilitating the lending process for borrowers. For example, a user holding Ethereum can deposit it into Aave's liquidity pool and earn a yield while maintaining the ability to withdraw their assets at any time. Additionally, borrowers can utilise Aave to access funds without selling their assets, allowing them to maintain exposure to potential price appreciation. This functionality is particularly beneficial for traders seeking to capitalise on market movements or individuals needing quick access to funds for personal expenses while still retaining their crypto investments. As LEND transitions to AAVE, these use cases will continue to evolve, enhancing the platform's utility in the decentralised finance (DeFi) ecosystem.
The tokenomics of Aave [OLD] (LEND) are structured around a supply mechanism designed to facilitate the growth and sustainability of the platform. Initially launched with a total supply of 1 billion LEND tokens, the distribution model allocated tokens to various stakeholders, including the community, investors, and the development team, to incentivise participation and governance. As part of its transition to AAVE, LEND is being migrated at a rate of 100 LEND per 1 AAVE, reflecting a strategic move to consolidate the token's utility and enhance its governance features within the Aave ecosystem. This migration aims to streamline the user experience and align the interests of token holders with the long-term vision of the platform. The dynamics of LEND's market are influenced by factors such as demand for borrowing and lending services, overall market sentiment, and broader trends within the decentralized finance (DeFi) space, which collectively impact the token's valuation and liquidity.
Aave [OLD] (LEND) leverages the security features inherent to the Ethereum blockchain, which operates on a proof-of-work (PoW) consensus mechanism, ensuring that transactions are validated through a decentralised network of miners. This validation process involves solving complex cryptographic puzzles, securing the network against double-spending and other malicious activities. Additionally, Aave employs smart contracts to automate lending and borrowing processes, which are rigorously audited to identify vulnerabilities and enhance security. The protocol also incorporates over-collateralisation, requiring borrowers to deposit collateral that exceeds the value of the loan, thereby mitigating the risk of default. Furthermore, the use of decentralised oracles ensures that price feeds for collateral assets are accurate and up-to-date, enhancing the overall security and reliability of the platform. As Aave transitions from LEND to AAVE, these security measures will continue to play a crucial role in maintaining user trust and safeguarding assets within the ecosystem.
The development roadmap for Aave (LEND) has been marked by significant milestones that have contributed to its evolution as a leading decentralized lending protocol. Launched on 30 November 2017, Aave initially focused on providing a platform for peer-to-peer lending. In 2020, the protocol underwent a major upgrade, transitioning to Aave V1, which introduced features such as flash loans and liquidity pools, enhancing user experience and functionality. The subsequent release of Aave V2 in December 2020 further improved the protocol by adding features like collateral swapping and enhanced gas efficiency. As part of its ongoing development, Aave has announced the migration of LEND to AAVE at a rate of 100 LEND per 1 AAVE, which aims to streamline governance and enhance the platform's capabilities. These milestones reflect Aave's commitment to innovation and its adaptation to the evolving decentralized finance landscape.