Aave is a decentralized finance (DeFi) platform built on the Ethereum blockchain that allows users to lend, borrow and earn interest on digital assets. Aave’s lending and borrowing platform enables users to loan their assets to others or borrow assets against collateral, all without intermediaries in a peer-to-peer fashion. Aave uses smart contracts to automate the lending and borrowing process, enabling users to earn interest on their digital assets and providing flexible borrowing options. In addition to earning and borrowing, Aave also offers a governance token called AAVE, which is used to determine the future development of the platform and to reward active users.
