Spot Password: $AAVE
Aave is a decentralized lending protocol that allows users to deposit assets to earn interest and borrow through collateral or flash loans.
AAVE is also its governance token, where holders can participate in voting to decide the future improvements and development of the protocol.
AAVE can also be staked in the security module to provide insurance for the protocol, allowing stakers to earn rewards and fee sharing.
Recently, AAVE has been performing quite well, with notable highlights. Today's trend is also decent; after the market's pullback and stabilization, it managed to rebound quickly, showing a clear upward trend on the hourly chart.
Moreover, there is good news that $WLFI is about to officially launch, WLFI is also engaged in lending, but the protocol requires the use of the AAVE protocol, so the launch of WLFI is also a positive sign for AAVE.
Personally, I am optimistic about the development of this AAVE token. At the current price of 330, it can be accumulated in batches, with a long-term target of 450.
Strong alternative coins to watch: $LDO UNI
