AaveToken（AAVE）代币经济学
AaveToken（AAVE）信息
Aave 是一個開源的去中心化借貸協議，為用戶提供存款和借貸服務。借貸雙方用戶的存款利率與貸款利率是根據平臺借款量和存款量通過演算法來計算得到的，並且平臺採用 Chainlink 的預言機來保證抵押物價格的公平性
AaveToken（AAVE）代币经济学和价格数据分析
快速了解 AaveToken（AAVE）的代币经济数据，包括市值、供应量、FDV 和历史价格，帮助您轻松掌握币种现状与市场表现。
AaveToken（AAVE）深度代币结构解析
深入了解 AAVE 的代币发行、分配与解锁机制。本部分涵盖代币用途、激励模式和解锁计划。
Aave (AAVE) is a governance and utility token at the core of the Aave decentralized lending protocol. Its token economics are designed to incentivize participation, secure the protocol, and align stakeholder interests. Below is a comprehensive breakdown of its issuance, allocation, usage, incentives, locking, and unlocking mechanisms.
1. Issuance Mechanism
- Initial Token Launch: Aave originated as ETHLend with the LEND token, which was later migrated to AAVE at a 100:1 ratio (100 LEND = 1 AAVE) in September 2020.
- Maximum Supply: 16 million AAVE.
- Migration: 13 million AAVE (81.25% of supply) was claimable by LEND holders; 3 million AAVE (18.75%) was minted to the Aave Ecosystem Reserve during migration.
2. Allocation Mechanism
| Allocation Recipient | Description | Unlock Schedule / Mechanism | Amount Unlocked per Period |
|---|---|---|---|
| Public Sale | Fully unlocked at token genesis | Instant | 10,000,000 |
| Ecosystem Reserve | Minted during LEND→AAVE migration for incentives, grants, and staking | Instant (at migration) | 3,000,000 |
| Core Development | 20% unlocked at genesis, then 20% every six months | Bi-annual vesting | 180,000 |
| User Experience Development | 20% unlocked at genesis, then 20% every six months | Bi-annual vesting | 120,000 |
| Promotions & Marketing | 20% unlocked at genesis, then 20% every six months | Bi-annual vesting | 120,000 |
| Management & Legal | 20% unlocked at genesis, then 20% every six months | Bi-annual vesting | 120,000 |
| Unexpected Costs | 20% unlocked at genesis, then 20% every six months | Bi-annual vesting | 60,000 |
3. Usage and Incentive Mechanisms
- Governance: AAVE is the protocol’s governance token. Holders can propose and vote on protocol upgrades, parameter changes, and treasury allocations. Governance power can be delegated.
- Staking (Safety Module): Users can stake AAVE (or ABPT/GHO) in the Safety Module to backstop the protocol against shortfall events. Stakers receive AAVE rewards from the Ecosystem Reserve but risk slashing if the protocol suffers a loss.
- Incentives:
- Liquidity Mining: Previously, AAVE distributed stkAAVE as incentives for supplying/borrowing on Aave V2. This program ended in May 2022.
- Safety Module Rewards: As of April 2024, 820 AAVE are distributed daily to Safety Module stakers.
- Grants: The Aave Grants DAO, funded by the Ecosystem Reserve, issues grants to developers and contributors.
- Collateral: AAVE can be used as collateral to borrow assets on Aave V2/V3 across multiple chains.
- Fee Discounts: AAVE can be used to access discounts on borrowing the GHO stablecoin.
4. Locking Mechanism
- Staking Lock: When staking AAVE in the Safety Module, users must observe a cooldown period before unstaking. As of April 2024, the cooldown period is 20 days. After the cooldown, users have a 2-day window to withdraw; otherwise, a new cooldown must be initiated.
- Slashing: In the event of a protocol shortfall, up to 30% of staked AAVE can be slashed to cover losses.
5. Unlocking Time
- Vesting Schedules: For allocations (e.g., development, marketing), 20% was unlocked at genesis, with subsequent 20% tranches every six months, completing over two years.
- Ecosystem Reserve: Instantly unlocked at migration (September 24, 2020).
- Staking Unlock: Subject to the cooldown period as described above.
Example Unlock Events Table
| Unlock Date | Amount Unlocked | Vesting Start | Vesting End | % Unlocked | % of Circulating Supply |
|---|---|---|---|---|---|
| 2020-09-24 | 3,000,000 | 2017-12-10 | 2020-09-24 | 100% | 19.7% |
| 2019-12-10 | 600,000 | 2017-12-10 | 2020-09-24 | 81.25% | 3.94% |
| 2019-06-10 | 600,000 | 2017-12-10 | 2020-09-24 | 77.50% | 3.94% |
| 2018-12-10 | 600,000 | 2017-12-10 | 2020-09-24 | 73.75% | 3.94% |
| 2018-06-10 | 600,000 | 2017-12-10 | 2020-09-24 | 70.00% | 3.94% |
| 2017-12-10 | 10,600,000 | 2017-12-10 | 2020-09-24 | 66.25% | 69.61% |
6. Additional Notes
- No Buyback/Burn: As of April 2024, there are no token buyback or burn mechanisms.
- Governance Timelocks: Protocol changes are subject to timelocks (1 day for short, 7 days for long proposals) after governance approval.
- Ecosystem Reserve Control: Managed by on-chain governance, used for grants, incentives, and protocol development.
7. Summary Table
| Mechanism | Details |
|---|---|
| Issuance | LEND migration (100:1), max supply 16M, 3M to Ecosystem Reserve |
| Allocation | Public sale, Ecosystem Reserve, development, marketing, legal, unexpected costs |
| Usage | Governance, staking (Safety Module), collateral, fee discounts, grants |
| Incentives | Safety Module rewards, past liquidity mining, grants |
| Locking | 20-day cooldown for unstaking, slashing up to 30% in shortfall events |
| Unlocking | Bi-annual vesting for allocations, instant for reserve, cooldown for staking |
| Buyback/Burn | None as of latest data |
8. Implications and Analysis
Aave’s token economics are designed to:
- Align incentives for protocol security (via staking and slashing).
- Decentralize governance and treasury management.
- Reward active participation and development.
- Ensure a gradual and transparent release of tokens to avoid market shocks.
The structure has enabled Aave to become a benchmark for DeFi lending, with deep liquidity, robust governance, and a strong incentive system for both users and developers. The absence of buyback/burn mechanisms means value accrual is primarily through protocol usage, governance, and staking rewards rather than supply reduction.
In summary: Aave’s token economics are robust, with a clear issuance and allocation plan, strong incentive and governance mechanisms, and transparent vesting and unlocking schedules. This has contributed to its position as a leading DeFi protocol.
AaveToken（AAVE）代币经济模型：关键指标与应用场景
了解 AaveToken（AAVE）的代币经济模型，对于分析其长期价值、可持续性和发展潜力至关重要。
关键代币经济指标及其计算方式：
总供应量（Total Supply）：
已创建或将要创建的 AAVE 代币的最大数量。
流通供应量（Circulating Supply）：
当前市场上可供交易和公众持有的代币数量。
最大供应量（Max Supply）：
AAVE 代币可能存在的总数量上限。
完全稀释估值（FDV）：
当前价格 × 最大供应量，预测所有代币完全流通时的总市值。
通胀率（Inflation Rate）：
反映新代币发行的速度，影响稀缺性及长期价格走势。
为什么这些代币经济指标对交易者很重要？
流通供应量高 = 流动性强。
最大供应量有限 + 低通胀率 = 具备长期价格上涨潜力。
代币分配透明 = 增强项目信任度，降低中心化风险。
FDV 高而当前市值低 = 可能存在高估风险的信号。
现在您已经了解了 AAVE 代币经济模型的功能，赶快查看 AAVE 代币的实时价格吧！
如何购买 AAVE
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AaveToken（AAVE）价格历史
分析 AAVE 的价格历史有助于用户了解过去的市场走势、关键支撑/阻力位以及波动模式。无论是追踪历史最高价，还是识别趋势，历史数据都是价格预测和技术分析的重要组成部分。
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免责声明
代币经济数据来自第三方。MEXC 不保证其准确性。请在做出任何投资决策前自行审慎评估。
