Is Aave DAI v1 a scam?

Asked about Aave DAI v1 (ADAI).

Short answer

Aave DAI v1 (ADAI) has been scored on isthiscoinascam.com and has a moderate score — some risk signals were raised but no critical concerns.

Source: isthiscoinascam.com · Updated 2026-06-06

Red flags raised

  • Team is anonymous
  • Contract owner is hidden
  • Token supply can be minted by the owner
  • No recent code commits
  • No hard cap on total token supply
  • Owner can change any wallet's balance
  • Very low on-chain liquidity

Team transparency

The Aave DAI v1 team is anonymous — public identities are not on record.

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