Aave stands as a prominent decentralized finance (DeFi) lending and borrowing protocol, enabling users to earn interest on deposited assets and borrow cryptocurrencies by providing collateral. Its open-source and non-custodial nature fosters a transparent and permissionless financial ecosystem, supported by its native governance token, AAVE, which grants holders voting rights on protocol upgrades and parameter adjustments, playing a crucial role in the platform’s evolution and decentralization.
What is Aave (AAVE)?
Discover the key facts about Aave (AAVE).
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Looking for more resources?
What is Cryptocurrency? A cryptocurrency is a form of digital currency that uses cryptography and blockchain to encrypt, secure, and verify transactions and proof of ownership. Read more
Why should nonprofits accept cryptocurrency donations? Less than 1% of nonprofits accept cryptocurrency donations. Fifteen years ago nonprofits were skeptical about credit card donations. Read more
What is Blockchain: Why You Should Care A blockchain is a growing list of records, called blocks, that are linked together using cryptography. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data. Read more
