Sun. Jan 2nd, 2022

    Aave is a DeFi-protocol developed on the Ethereum platform, one of the top five in terms of lending volume. 

    The application offers different types of loans based on over-collateralized liquidity pools. Lending rates and yields are floating, depending on the level of assets in the pool.

    Aave was founded by Stani Kulechov in 2017, but the management is built on the DAO-principle. Aave has its own control token of the same name.