Aave (AAVE)

Aave is a decentralized non-custodial liquidity protocol where users can participate as depositors or borrowers. Aave Protocol an open source and non-custodial liquidity protocol.

Funding Round: $1.75M

Funding Round: $25M

Funding Round: $3M

Whitepaper

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Interest lvl

Highest

Updated: Aug 14, 2023

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User Rating

Medium

3/5 • 1 votes

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Ticker

AAVE

Type

Utility-token

Token standard

ERC-20

FoundedUnited Kingdom

Registration countrySwitzerland

Registration year2017

Office address

• 41 Corsham Street, London, England N1 6DR, GB
• Piazza Indipendenza 1, Chiasso, Ticino 6830, CH

Ecosystems

Ethereum

What is Aave

Aave is one of the most important lending protocols on Ethereum’s DeFi ecosystem. Aave facilitates decentralized and non-custodial lending, allowing you to earn interest and borrow crypto assets. The protocol itself is completely decentralized and has a governance system in place backed by the AAVE token.

What Aave does is remove the need for centralized entities such as banks by allowing users to loan and lend crypto assets with each other. The lending itself is done using Aave's smart contracts which allow the two parties to interact in a trustless manner.

Aave has also introduced a new type of loan: flash loans. This is a loan that allows you to take any amount of capital from the capital without providing collateral. The catch? You must pay the loan back within the same transaction block that it was issued.

AAVE is the main token on the AAVE protocol. You can use AAVE to participate in the project's governance model. For example, you can vote on a governance proposal that aims to improve a certain feature or increase yields.