Aave is a decentralized protocol that lets users lend, borrow, and earn interest on crypto assets without intermediaries
Aave is an open-source, non-custodial liquidity protocol where users can supply and borrow cryptocurrencies. Lenders earn interest by depositing assets into liquidity pools, while borrowers can access funds by providing collateral that exceeds the borrowed amount.
Aave offers a decentralized alternative to traditional financial services, enabling users to earn interest or borrow assets without relying on centralized institutions. Its multi-chain support and governance model provide flexibility and community-driven development.
Introduced GHO, a decentralized, overcollateralized stablecoin native to the Aave Protocol.
Total Value Locked surpassed $40 billion, making Aave the largest DeFi protocol by TVL.
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