Aave (AAVE) is a decentralized finance (DeFi) protocol that enables users to lend and borrow cryptocurrencies without intermediaries. Launched in 2017 by Stani Kulechov, Aave operates on various blockchains and supports various assets through its liquidity pools. It introduced innovative features such as flash loans and variable interest rates. The AAVE token is used for governance and staking within the protocol.
Learn more:
Official Website: https://aave.com/
Whitepaper: https://github.com/aave/aave-protocol/blob/master/docs/Aave_Protocol_Whitepaper_v1_0.pdf
Block Explorer: https://etherscan.io/token/0x7Fc66500c84A76Ad7e9c93437bfc5Ac33E2DDaE9
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