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Aave

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Aave
Aave's web application
Aave's web application
Repositorygithub.com/aave/aave-v3-core
Written inSolidity
Engine
    PlatformEthereum
    TypeDecentralized exchange
    LicenseMIT License
    Websiteaave.com

    Search Aave on Amazon.

    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][2][3]

    The project was founded by Stani Kulechov, and the first version was deployed on the Ethereum network in January 2020.[4]

    The code is open source and released under the MIT License.[5]

    In 2023, the Aave team raised $15M to fund the development of Lens Protocol, a decentralized social network.[6]

    References[edit]

    1. "JPMorgan Executes Its First DeFi Trade Using Public Blockchain". Bloomberg.com. 2022-11-02. Retrieved 2023-06-11.
    2. "Developers Aim To Bring New DeFi Strategies To $17B Liquid Staking Market". Yahoo Finance. 2023-06-01. Retrieved 2023-06-12.
    3. Staff, A. O. L. (2023-06-09). "All About Aave That You Wanted To Know". www.aol.com. Retrieved 2023-06-12.
    4. CVJ.CH, Editorial Office (2020-09-16). "Aave protocol: An interview with the founder Stani Kulechov". Crypto Valley Journal. Retrieved 2023-06-11.
    5. "Aave". GitHub. Retrieved 2023-06-11.
    6. 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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