Coin Bureau on $AAVE: ‘Fair Valuation Could Be Well Over $1,000’ - Aliens: AI Crypto News & Markets Updates

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Coin Bureau on $AAVE: ‘Fair Valuation Could Be Well Over $1,000’

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CryptoGlobe

Fri, Jan 14, 2022

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Aliens TLDR

Recently, the popular psuedonymous host of Coin Bureau explained why they feel that $AAVE, which is the governance token of non-custodial liquidity protocol Aave is severely undervalued.

Aave is “a decentralised non-custodial liquidity market protocol where users can participate as depositors or borrowers.” Depositors “provide liquidity to the market to earn a passive income,” while “borrowers are able to borrow in an overcollateralised (perpetually) or undercollateralised (one-block liquidity) fashion.” $AAVE is “used to vote and decide on the outcome of Aave Improvement Proposals (AIPs).” Also, $AAVE can be “staked within the protocol Safety Module to provide security/insurance to the protocol/depositors” with stakers able to “earn staking rewards and fees from the protocol.” Earlier today, the Coin Bureau host released a YouTube video that took a closer look at Aave.

“In terms of a specific release date, Aave said its social media platform is ‘coming soon’ and it’s been slow to roll out because the team has been mostly focused on Aave v3 for the last few months...

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