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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