Aave Protocol is an open-source liquidity protocol, a Decentralized Finance (DeFi) platform that allows users to lend and borrow cryptocurrencies. It is said to be the most long-lived and highly-ranked protocol by TVL-Total Locked Value (if the TVL is higher, the platform is considered more trustworthy), Aave also has a brilliant security track record.
- Founder: Stani Kulechov
- Founded: May 1, 2017
- Headquarters: London, England, United Kingdom
Key Features
One can invest in Aave by purchasing the Aave protocol's token Aave.
It is a non-custodial wallet that gives users full control over their funds throughout the lending and borrowing process.
It has successfully provided users with an easy-to-use and reliable DeFi protocol that keeps evolving with time.
Most DeFi services including Aave have been built on the cryptonewsnavigator.com.