Finance:Aave

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

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