Aave
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Aave's web application | |
Repository | github |
---|---|
Written in | Solidity |
Engine | |
Platform | Ethereum |
Type | Decentralized exchange |
License | MIT License |
Website | aave |
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Aave is a Decentralized finance (DeFi) protocol that operates on the Ethereum blockchain and other EVM blockchains. Through a set of smart contracts, the protocol facilitates trading, lending, and borrowing of cryptocurrency tokens without the need for centralized intermediaries. Liquidity providers are given a percentage of the trading fees earned on the trading pairs they are providing liquidity to.[1]
The project was founded by Stani Kulechov, and the first version was deployed on the Ethereum network in January 2020.[2]
The code is open source and released under the MIT License.[3]
In 2023, the Aave team raised $15M to fund the development of Lens Protocol, a decentralized social network.[4]
References[edit]
- ↑ "JPMorgan Executes Its First DeFi Trade Using Public Blockchain". Bloomberg.com. 2022-11-02. Retrieved 2023-06-11.
- ↑ CVJ.CH, Editorial Office (2020-09-16). "Aave protocol: An interview with the founder Stani Kulechov". Crypto Valley Journal. Retrieved 2023-06-11.
- ↑ "Aave". GitHub. Retrieved 2023-06-11.
- ↑ Melinek, Jacquelyn (2023-06-08). "Aave's Lens Protocol raises $15M to build the decentralized social web". TechCrunch. Retrieved 2023-06-12.
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