Aave

Aave is a decentralized lending protocol allowing users to borrow and lend crypto assets.

What Is Aave (AAVE)? Aave is a decentralized lending protocol that allows users to borrow and lend crypto assets without intermediaries.

A decentralized lending platform where users earn interest by depositing assets or borrow by providing collateral. Interest rates adjust algorithmically based on supply and demand.

Lending & Yield: Used for governance of the Aave protocol, where users can earn interest on deposits or take over-collateralized loans without a bank.

Lending & Borrowing: A governance token that can also be used in the protocol’s safety module. Used to vote on risk parameters and to earn exposure to protocol fees in certain designs.