@michaelbenjamin
Aave’s lending protocol differs from traditional banking systems by allowing users to lend and borrow assets without intermediaries. Traditional banks require a centralized authority to manage deposits and loans, whereas Aave operates on a decentralized, permissionless blockchain, enabling users to directly interact with the protocol. Aave offers benefits such as lower costs, transparent interest rates, and increased privacy, making it more accessible than traditional banking services, particularly in areas with limited access to traditional financial institutions.
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