Tag: Aave (AAVE)

Aave (AAVE) is a decentralized money market protocol where users can lend and borrow cryptocurrencies using 20 different assets as collateral. The protocol has its own AAVE token, which is also a governance token, allowing the community to collectively determine the direction of the protocol. Lenders can earn interest by providing liquidity to the market, and borrowers can borrow by collateralizing their crypto assets to borrow from liquidity pools.