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Grayscale Investments Launches Grayscale Aave Trust

Twitter icon  •  Published 2 months ago on October 4, 2024  •  Hassan Maishera

On Thursday, Grayscale announced via X that they have launched the Grayscale Aave Trust, offering investors the opportunity to gain exposure to AAVE, the governance token for Aave’s platform.

Grayscale Investments Launches Grayscale Aave Trust

On Thursday, Grayscale announced via X that they have launched the Grayscale Aave Trust, offering investors the opportunity to gain exposure to AAVE, the governance token for Aave’s platform.

Grayscale revealed that the Trust is now open for daily subscription by eligible individual and institutional accredited investors. The Trust functions like Grayscale’s other single-asset investment trusts and is solely invested in the token underpinning the Aave protocol (AAVE), Grayscale concluded. 

Aave protocol is a decentralized, open-source, and non-custodial money market protocol. Depositors earn interest by providing liquidity to lending pools, while borrowers can obtain overcollateralized loans by using the liquidity from these pools. AAVE is trading at $150.12 per token, up 7% in the last 24 hours.

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Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.