AaveToken（AAVE）代幣經濟學
AaveToken（AAVE）資訊
Aave is a decentralized finance protocol that allows people to lend and borrow crypto.
AaveToken（AAVE）代幣經濟學和價格數據分析
快速了解 AaveToken（AAVE）的代幣經濟數據，包括市值、供應量、FDV 和歷史價格，幫助您輕鬆掌握幣種現狀與市場表現。
AaveToken（AAVE）深度代幣結構解析
深入了解 AAVE 的代幣發行、分配與解鎖機制。本部分涵蓋代幣用途、激勵模式和解鎖計劃。
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）代幣經濟模型：關鍵指標與應用場景
了解 AaveToken（AAVE）的代幣經濟模型，對於分析其長期價值、可持續性和發展潛力至關重要。
關鍵代幣經濟指標及其計算方式：
總供應量（Total Supply）：
已創建或將要創建的 AAVE 代幣的最大數量。
流通供應量（Circulating Supply）：
目前市場上可供交易和公眾持有的代幣數量。
最大供應量（Max Supply）：
AAVE 代幣可能存在的總數量上限。
完全稀釋估值（FDV）：
目前價格 × 最大供應量，預測所有代幣完全流通時的總市值。
通脹率（Inflation Rate）：
反映新代幣發行的速度，影響稀缺性及長期價格走勢。
為什麼這些代幣經濟指標對交易者很重要？
流通供應量高 = 流動性強。
最大供應量有限 + 低通脹率 = 具備長期價格上漲潛力。
代幣分配透明 = 增強項目信任度，降低中心化風險。
FDV 高而目前市值低 = 可能存在高估風險的訊號。
現在您已經了解了 AAVE 代幣經濟模型的功能，趕快查看 AAVE 代幣的實時價格吧！
如何購買 AAVE
想將 AaveToken（AAVE）添加到您的投資組合中嗎？MEXC 提供多種購買 AAVE 的方式，包括信用卡、銀行轉帳和點對點交易。無論您是新手還是專業用戶，MEXC 都能讓您輕鬆、安全地購買加密貨幣。
AaveToken（AAVE）價格歷史
分析 AAVE 的價格歷史有助於用戶了解過去的市場走勢、關鍵支撐/阻力位以及波動模式。無論是追蹤歷史最高價，還是識別趨勢，歷史數據都是價格預測和技術分析的重要組成部分。
為什麼選擇 MEXC？
MEXC 是全球領先的加密貨幣交易所，深受全球數百萬用戶信賴。無論您是新手還是資深交易者，MEXC 都是您進入加密世界的最便捷途徑。
免責聲明
代幣經濟數據來自第三方。MEXC 不保證其準確性。請在做出任何投資決策前自行審慎評估。
