We are happy to announce the listing of $AAVE Token. Starting on Thursday, 19th December, 2024 at 10 AM CET. LCX Exchange will support the $AAVE Token. Deposits will start on – Starting on Thursday, 19th December, 2024 at 10 AM CET. The trading pair $AAVE / EUR will be listed.
What is $AAVE?
The AAVE token is the native governance token of the Aave Protocol. It empowers holders to participate in decision-making through protocol governance. AAVE is an ERC-20 token deployed on the Ethereum blockchain and is widely accessible across various centralised and decentralised exchanges.
Governance
AAVE token holders have the ability to influence the future of the Aave Protocol through governance. Both AAVE and safety module staked AAVE (stkAAVE) holders can vote on proposals or delegate their voting power to others. By participating in governance votes, holders contribute to decisions on protocol deployments, parameter adjustments, features, and more.
Liquidity Pools
AAVE tokens can be supplied to liquidity pools within the Aave Protocol, or external pools such as decentralised exchanges, allowing users to earn yield.
Holders can stake their tokens in the Aave safety module, enhancing the system’s security by providing a backstop in case of insolvency and earning rewards in return. Staking AAVE can also grant reduced GHO borrowing rates, adding further incentives for participation. Additionally, AAVE tokens can be supplied to the Aave markets as collateral, allowing users to borrow other assets and increase their capital efficiency.
Cross-Chain
Furthermore, AAVE has cross-chain implementation on several networks using canonical network messaging bridges. This enables users to access AAVE across different blockchain networks, with the acknowledgment that the ability to bridge tokens to and from Ethereum depends on the availability of the network bridge.
Users can sign up for an LCX Account here
Start Trading $AAVE
Launch LCX ExchangeDeposits: Thursday, 19th December, 2024 at 10 AM CET
Pair Listing Details:
$AAVE /EUR starting on Thursday, 19th December, 2024 at 10 AM CET
How to deposit $AAVE?
Go to LCX Accounts > Wallet
Scroll down to $AAVE.
Click on the “Deposit” tab next to $AAVE.
Your deposit address will be displayed on the screen.
Send $AAVE to this address.
Important Note:
Trading cryptocurrency is complex and comes with a high risk of losing money. You should carefully consider whether trading cryptocurrencies is right for you and take the time to learn how trading works and decide how much money you are prepared to lose. This content is not financial advice and should not form the basis of any financial investment decisions nor be seen as a recommendation to buy or sell any good or product.
