Ave Finance

Aave is a decentralized finance (DeFi) protocol that allows users to lend and borrow a diverse range of cryptocurrencies. Originally launched as ETHLend in 2017 and rebranded to Aave in 2018, it has become a cornerstone of the DeFi ecosystem. The protocol's mission is to build a transparent, open, and equitable financial system through decentralized technology. Users can supply assets to liquidity pools to earn passive interest, while borrowers can take out loans by providing collateral. The protocol is governed by AAVE token holders through the Aave DAO (Decentralized Autonomous Organization), making it a community-led project.