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Borrowers can then use their crypto as collateral to take out a flash loan using this liquidity.</li><li>Aave was originally known as ETHLend when it launched in November 2017, but the rebranding to Aave happened in September 2018.&nbsp;</li><li>Aave’s open-source protocol is built on Ethereum, a blockchain that is currently making the transition from Proof-of-Work to Proof-of-Stake.</li></ul>\n\n\n\n<h2>Key Metrics</h2>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td>Ticker</td><td>AAVE</td></tr><tr><td>Token Name</td><td>Aave</td></tr><tr><td>Token Type/Protocol</td><td>ERC-20</td></tr><tr><td>Total Token Supply</td><td>12.96 Million AAVE</td></tr><tr><td>Current Circulating Supply&nbsp;</td><td>See <a href=\"https://coinmarketcap.com/currencies/aave/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Coinmarketcap</a></td></tr><tr><td>Market Capitalisation</td><td>See <a href=\"https://coinmarketcap.com/currencies/aave/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Coinmarketcap</a></td></tr><tr><td>Token Creation Date</td><td>November 2017</td></tr><tr><td>Can it be mined?</td><td>Yes</td></tr></tbody></table></figure>\n\n\n\n<h2>Who is behind Aave?&nbsp;</h2>\n\n\n\n<p>Aave was founded by Stani Kulechov, a former law student at the University of Helsinki . He found some flaws on Ethereum such as, the lack of lending applications and wanted to explore how he could impact the traditional financial system.</p>\n\n\n\n<h2>What is the purpose of Aave?&nbsp;</h2>\n\n\n\n<p>Aave was designed to be an open source, decentralized finance, and non-custodial liquidity market protocol to earn interest on deposits and borrow assets. It provides holders with discounted fees on the platform, and it also serves as a governance token.</p>\n\n\n\n<h2>Insights</h2>\n\n\n\n<ul><li>Users can switch between stable or variable interest rates. This ensures they can get the best rate for the loan. Algorithms determine the rate based on demand for an asset pool. With heavier demand loads.</li><li>Flash Loans are the first uncollateralized loan option in DeFi. Designed for developers, Flash Loans enable you to borrow instantly and easily, no collateral is needed provided that the liquidity is returned to the pool within one transaction block.</li><li>Aave adds the ability for users to take out borrowed positions on fee-collecting tokens like Uniswap LP tokens and TokenSets. Users could take out a loan against a position that is earning them revenue – without having to sacrifice the opportunity cost of being unable to enter those positions in order to take advantage of crypto lending and borrowing.</li><li>Aave Protocol has integrated with Chainlink to power the Aave oracle network. By leveraging Chainlink oracles, Aave Protocol’s prices reflect real-time conditions on and off chain. Chainlink guarantees a decentralized oracle service that cannot be exploited at a single point.</li><li>Aave has several unique selling points when compared with competitors in an increasingly crowded market. During the <a href=\"https://coinmarketcap.com/alexandria/article/what-is-decentralized-finance\">DeFi craze</a> in the summer of 2020, it was one of the biggest projects in terms of the total value of crypto locked in its protocol.</li></ul>\n\n\n\n<h2>Risks</h2>\n\n\n\n<ul><li>Aave protocol might not be an attractive option for investors because of its low interest provided by its pools, especially those who implement yield farming or liquidity mining.</li><li>Flash loans can be a powerful tool with multiple functions, but at the same time, a high-level threat to these protocols. AAVE is one of the first protocols to implement these functions, and although at the moment accessing them is tedious, this window is still open to unknown security problems.</li></ul>\n\n\n\n<h2>News and Updates</h2>\n\n\n\n<ul><li>In July 2020, Aave unveiled plans to hold a token swap. This means that the 1.3 billion AAVE tokens in circulation would be swapped for the newly minted AAVE cryptocurrency at a ratio of 1:100, creating a total supply of 16 million AAVE. (Three million of this would be held in reserve.)</li><li>AAVE declined by 1.8% since August 23, 2021, and was trading at $405.24. If AAVE sustains the downtrend, the nearest support line for the alt rests at $375.40. The technicals for AAVE, however, emanated positive signals in anticipation of an upcoming upward movement.&nbsp;</li><li>Avalanche is set to introduce a $180 million liquidity mining incentive program that will add more applications and assets to its growing DeFi ecosystem bringing DeFi protocols Aave to launch on the Avalanche public blockchain. This will allow liquidity mining incentives for Aave users over a three-month period.&nbsp;</li></ul>\n\n\n\n<h2>Community &amp; Whitepaper Links</h2>\n\n\n\n<ul class=\"coin-info__links\"><li><strong>Official Website:</strong><a href=\"https://bitcoin.org\"> </a><a href=\"https://aave.com/\">https://aave.com/</a></li><li><strong>White Paper: </strong><a href=\"https://github.com/aave/aave-protocol/blob/master/docs/Aave_Protocol_Whitepaper_v1_0.pdf\">https://github.com/aave/aave-protocol/blob/master/docs/Aave_Protocol_Whitepaper_v1_0.pdf</a></li></ul>\n\n\n\n<p><strong>Disclaimer&nbsp;&nbsp;</strong><br>All investments are speculative and involve substantial risk and uncertainty. Investors should understand the nature of digital assets including the terms of return and the risk of assets. We encourage investors to fully understand the assets and the risk associated with them prior to making any investment.&nbsp;&nbsp;</p>\n","seo":{"title":"AAVE to IDR - Buy Aave Instanly - Zipmex","metaDesc":"Buy or sell Aave. Get the latest Aave IDR (AAVE to IDR) price quote, history, news and other information. Sign up to trade with low fees."},"categories":{"nodes":[{"slug":"listed-coin"}]},"acfCoinInfo":{"ciHomeFullName":"Aave","ciTickerSymbol":"AAVE","ciIcon":{"localFile":{"publicURL":"/static/d526994abd3e6d483ed621ec84049307/AAVE.svg"}},"websiteLink":null,"whitepaperLink":null,"detailedRuleLink":null}},"otherCoinInfos":{"nodes":[{"slug":"ape-id","excerpt":"<p>ApeCoin is the famous NFT project, Bored Ape Yacht Club (BAYC)’s native token. It works as a utility and government token powering the APE ecosystem.</p>\n","acfCoinInfo":{"ciHomeFullName":"ApeCoin","ciTickerSymbol":"APE","ciHomeFeaturedImage":{"localFile":{"childImageSharp":{"gatsbyImageData":{"layout":"constrained","backgroundColor":"#080818","images":{"fallback":{"src":"/static/51ac8746e5d9954d5e3939b247b0a402/03e84/APE.png","srcSet":"/static/51ac8746e5d9954d5e3939b247b0a402/e2842/APE.png 100w,\n/static/51ac8746e5d9954d5e3939b247b0a402/294d3/APE.png 200w,\n/static/51ac8746e5d9954d5e3939b247b0a402/03e84/APE.png 400w","sizes":"(min-width: 400px) 400px, 100vw"},"sources":[{"srcSet":"/static/51ac8746e5d9954d5e3939b247b0a402/9f21a/APE.webp 100w,\n/static/51ac8746e5d9954d5e3939b247b0a402/752c3/APE.webp 200w,\n/static/51ac8746e5d9954d5e3939b247b0a402/02841/APE.webp 400w","type":"image/webp","sizes":"(min-width: 400px) 400px, 100vw"}]},"width":600,"height":369}}}}}},{"slug":"cvx-id","excerpt":"<p>Convex Finance is a DeFi platform designed to provide additional yield and ease of use to the stakers and liquidity providers of CRV tokens.</p>\n","acfCoinInfo":{"ciHomeFullName":"Convex Finance","ciTickerSymbol":"CVX","ciHomeFeaturedImage":{"localFile":{"childImageSharp":{"gatsbyImageData":{"layout":"constrained","backgroundColor":"#383838","images":{"fallback":{"src":"/static/91481387571b0b76bb03a43dfffef980/03e84/CVX-3.png","srcSet":"/static/91481387571b0b76bb03a43dfffef980/e2842/CVX-3.png 100w,\n/static/91481387571b0b76bb03a43dfffef980/294d3/CVX-3.png 200w,\n/static/91481387571b0b76bb03a43dfffef980/03e84/CVX-3.png 400w","sizes":"(min-width: 400px) 400px, 100vw"},"sources":[{"srcSet":"/static/91481387571b0b76bb03a43dfffef980/9f21a/CVX-3.webp 100w,\n/static/91481387571b0b76bb03a43dfffef980/752c3/CVX-3.webp 200w,\n/static/91481387571b0b76bb03a43dfffef980/02841/CVX-3.webp 400w","type":"image/webp","sizes":"(min-width: 400px) 400px, 100vw"}]},"width":600,"height":369}}}}}},{"slug":"dydx-id","excerpt":"<p>dYdX is a DeFi protocol focusing on perpetual contracts products built on top of the Starkware layer-2 network. </p>\n","acfCoinInfo":{"ciHomeFullName":"dYdX","ciTickerSymbol":"DYDX","ciHomeFeaturedImage":{"localFile":{"childImageSharp":{"gatsbyImageData":{"layout":"constrained","backgroundColor":"#080828","images":{"fallback":{"src":"/static/bc6b9a01159c9240eeda3dcf900d6655/03e84/dydx-website-banner.png","srcSet":"/static/bc6b9a01159c9240eeda3dcf900d6655/e2842/dydx-website-banner.png 100w,\n/static/bc6b9a01159c9240eeda3dcf900d6655/294d3/dydx-website-banner.png 200w,\n/static/bc6b9a01159c9240eeda3dcf900d6655/03e84/dydx-website-banner.png 400w","sizes":"(min-width: 400px) 400px, 100vw"},"sources":[{"srcSet":"/static/bc6b9a01159c9240eeda3dcf900d6655/9f21a/dydx-website-banner.webp 100w,\n/static/bc6b9a01159c9240eeda3dcf900d6655/752c3/dydx-website-banner.webp 200w,\n/static/bc6b9a01159c9240eeda3dcf900d6655/02841/dydx-website-banner.webp 400w","type":"image/webp","sizes":"(min-width: 400px) 400px, 100vw"}]},"width":600,"height":369}}}}}},{"slug":"ygg-id","excerpt":"<p>YGG is the utility token of Yield Guild Games, a play-to-earn gaming guild. It is a Decentralized Autonomous Organization.</p>\n","acfCoinInfo":{"ciHomeFullName":"YieldGuildGames","ciTickerSymbol":"YGG","ciHomeFeaturedImage":{"localFile":{"childImageSharp":{"gatsbyImageData":{"layout":"constrained","backgroundColor":"#081828","images":{"fallback":{"src":"/static/749075fe65de4abc76e5d62e97c31fd7/03e84/Yield-Guild-Games-website-banner.png","srcSet":"/static/749075fe65de4abc76e5d62e97c31fd7/e2842/Yield-Guild-Games-website-banner.png 100w,\n/static/749075fe65de4abc76e5d62e97c31fd7/294d3/Yield-Guild-Games-website-banner.png 200w,\n/static/749075fe65de4abc76e5d62e97c31fd7/03e84/Yield-Guild-Games-website-banner.png 400w","sizes":"(min-width: 400px) 400px, 100vw"},"sources":[{"srcSet":"/static/749075fe65de4abc76e5d62e97c31fd7/9f21a/Yield-Guild-Games-website-banner.webp 100w,\n/static/749075fe65de4abc76e5d62e97c31fd7/752c3/Yield-Guild-Games-website-banner.webp 200w,\n/static/749075fe65de4abc76e5d62e97c31fd7/02841/Yield-Guild-Games-website-banner.webp 400w","type":"image/webp","sizes":"(min-width: 400px) 400px, 100vw"}]},"width":600,"height":369}}}}}}]}},"pageContext":{"lang":"id_en","footerMenus":"[{\"slug\":\"about-us-id-en\",\"acfMenu\":{\"menuTitle\":\"About Us\"},\"menuItems\":{\"nodes\":[{\"id\":\"cG9zdDo5OTg4\",\"label\":\"About\",\"url\":\"/en/about-us/\",\"cssClasses\":[],\"target\":null},{\"id\":\"cG9zdDo5OTkx\",\"label\":\"Terms and Conditions\",\"url\":\"/en/terms-and-conditions-id/\",\"cssClasses\":[],\"target\":null},{\"id\":\"cG9zdDoxNDQxMzI=\",\"label\":\"ZipUp+ Terms and Conditions\",\"url\":\"/zipup-terms-and-conditions-id/\",\"cssClasses\":[],\"target\":null},{\"id\":\"cG9zdDo5OTky\",\"label\":\"Privacy Policy\",\"url\":\"/en/privacy-policy-id/\",\"cssClasses\":[],\"target\":null},{\"id\":\"cG9zdDo5OTkz\",\"label\":\"In the Media\",\"url\":\"/en/news/\",\"cssClasses\":[],\"target\":null},{\"id\":\"cG9zdDo0NTAyMQ==\",\"label\":\"Careers\",\"url\":\"https://zipmex.bamboohr.com/jobs/\",\"cssClasses\":[],\"target\":null}]}},{\"slug\":\"mobile-id-en\",\"acfMenu\":{\"menuTitle\":\"Mobile\"},\"menuItems\":{\"nodes\":[{\"id\":\"cG9zdDo4MjE1\",\"label\":\"iOS\",\"url\":\"https://zipmex.onelink.me/8NSq/15940e3a\",\"cssClasses\":[],\"target\":\"_blank\"},{\"id\":\"cG9zdDo4MjE2\",\"label\":\"Android\",\"url\":\"https://zipmex.onelink.me/8NSq/15940e3a\",\"cssClasses\":[],\"target\":null}]}},{\"slug\":\"products-id-en\",\"acfMenu\":{\"menuTitle\":\"Products\"},\"menuItems\":{\"nodes\":[{\"id\":\"cG9zdDo4MjIz\",\"label\":\"Trade\",\"url\":\"https://trade.zipmex.co.id/exchange/\",\"cssClasses\":[],\"target\":\"_blank\"},{\"id\":\"cG9zdDoyNDY3OQ==\",\"label\":\"Earn\",\"url\":\"/en/earn/\",\"cssClasses\":[],\"target\":null}]}},{\"slug\":\"support-id-en\",\"acfMenu\":{\"menuTitle\":\"Support\"},\"menuItems\":{\"nodes\":[{\"id\":\"cG9zdDo5OTk2\",\"label\":\"Support Center\",\"url\":\"/en/support/\",\"cssClasses\":[],\"target\":null},{\"id\":\"cG9zdDo5OTk3\",\"label\":\"Announcements\",\"url\":\"/en/announcements/\",\"cssClasses\":[],\"target\":null},{\"id\":\"cG9zdDo5OTk4\",\"label\":\"Contact Us\",\"url\":\"/en/contact-us/\",\"cssClasses\":[],\"target\":null},{\"id\":\"cG9zdDo5OTk5\",\"label\":\"Fees\",\"url\":\"/en/fee-schedule-id/\",\"cssClasses\":[],\"target\":null},{\"id\":\"cG9zdDozMjc3OA==\",\"label\":\"Get updates\",\"url\":\"https://communications.zipmex.co.id/\",\"cssClasses\":[],\"target\":null},{\"id\":\"cG9zdDozNTk2OA==\",\"label\":\"Learn\",\"url\":\"/en/learn/\",\"cssClasses\":[],\"target\":null},{\"id\":\"cG9zdDoxNDMyMjI=\",\"label\":\"Apply To List\",\"url\":\"https://zipmex.com/zipmex-labs-application-form/\",\"cssClasses\":[],\"target\":null}]}}]","latestPosts":"[{\"title\":\"What is CBDC? 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