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What is Aave (AAVE)?
Aave (AAVE) (founded 2017) is a DeFi (Decentralized Finance) lending protocol that allows users to borrow a wide range of The lending Decentralized Application (DApp) allows for borrowers and lenders to ‘opt the terms and conditions for loans.’ Said loans are held within . In late 2020 the changed the tokens from LEND to AAVE., with the options to use both stable and variable interest rates.
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How does Aave crypto work?
In traditional finance, people have to be conservative. With web3, we are building systems that are trustless – we don’t have to have a serious-sounding brand – just diligent coding. When we have that are public, people can verify without having to trust an underlying entity.
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