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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 cryptocurrencies, with the options to use both stable and variable interest rates. The lending Decentralized Application (DApp) allows for borrowers and lenders to ‘opt the terms and conditions for loans.’ Said loans are held within smart contracts. In late 2020 the community changed the tokens from LEND to AAVE.
How to buy Aave (AAVE)?
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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 smart contracts that are public, people can verify without having to trust an underlying entity.
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