The decentralised lending (DeFi) heavyweight, Aave is an open-source cryptocurrency lending protocol governed entirely by its users. Lenders earn interest on their deposits, while borrowers gain access to cash using their cryptocurrencies as collateral.
Underlying this ecosystem is a token of the same name, AAVE, which has registered spectacular growth in recent months. AAVE holders can participate in protocol governance and pay less in fees.
View the annual performance of AAVE/USD, the cryptocurrency launched in 2019
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