AAVE – The model of "community insurance"
AAVEUSDT
Perp
194.52
+0.26%
is a prime example of sustainable tokenomics.
Token $AAVE is not printed excessively, nor is it farmed recklessly, but has a "Safety Module" mechanism – holders stake AAVE to protect the system.
When there is a risk (for example: loss of liquidity, being hacked, undercollateralized loan), a portion of AAVE is cut to compensate for the damage.
In return, the AAVE stakers receive rewards from protocol fees.
This makes AAVE genuinely utility-driven, not just a governance token "for show".
That is why, despite DeFi crashing hard in 2022–2023, Aave still maintains its position as the "king of lending".