Aave

AAVE

News

Aave stands as a pioneer in decentralized lending protocols, enabling users to borrow and lend digital assets without traditional intermediaries. Its innovative liquidity pool design allows lenders to earn interest by depositing assets, while borrowers can access these funds by providing collateral. Aave introduced groundbreaking features to DeFi, including flash loans, which allow uncollateralized borrowing within a single transaction block, and interest rate switching between stable and variable rates. The protocol's security-first approach incorporates multiple risk parameters, liquidation thresholds, and governance-approved asset listings. With its V3 upgrade, Aave expanded cross-chain functionality, capital efficiency, and risk management capabilities while maintaining its commitment to decentralized governance through the AAVE token.

Launched: Jan 2020