@kairog
💧 Aave — one of the DeFi flagships
Aave is a decentralized protocol for lending and borrowing cryptocurrencies.
It allows users to:
📥 Deposit assets and earn interest (depositors);
💸 Borrow against collateral (borrowers);
🔄 Use flash loans — instant loans without collateral (Aave’s signature feature).
Why Aave matters:
🚀 One of the first DeFi protocols (launched in 2017 as ETHLend);
🔒 Strong focus on security (audits, safety module, governance);
🌍 Decentralized governance — AAVE token holders decide the protocol’s future;
🏦 Supports multiple networks (Ethereum, Polygon, Optimism, Arbitrum, and more).
Ecosystem highlights:
Aave v3 — upgraded version with the Portal feature (cross-chain liquidity transfer) and advanced risk management.
GHO — Aave’s own decentralized stablecoin backed by users’ collateral.
📊 Today, Aave remains one of the largest DeFi protocols by TVL (total value locked), competing with Compound and MakerDAO.
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