Aave aave

Aave is one of the first decentralized applications(Dapps) to bring lending and borrowing to crypto. It was launched in 2017 as ETHlend before DeFi was even a thing, Aave enables users to lend cryptocurrencies in a trustless manner. The users will get interest for lending their crypto. The users can also borrow against their crypto but need to pay interest. In a nutshell, lenders deposit their funds into a “pool” from which users can borrow

Aave was found by Stani Kulechov, a serial entrepreneur who started programming while a teenager. He was an early adopter of Bitcoin

The main reasons to invest in Aave include: - It has been battle-tested and live since November 2017 - It is still the biggest lending/borrowing protocol across various blockchains - One of Aave’s flagship products is “flash loans,” stated as the first uncollateralized loan option in the DeFi space. The loan must be paid back within the same transaction