What is AAVE & how does it work?

AAVE is the innate token of the Aave protocol, and it runs all the basic transactions within the system. Its holders can decide on possible updates to the protocol, including market parameters and funds reverse management. This protocol features another token called aToken. This is what lenders get when they deposit their assets into the pool.

What is AAVE (gho)?

Aave is a decentralized lending protocol that lets users lend or borrow cryptocurrency without going to a centralized intermediary. Users deposit digital assets into "liquidity pools," which become funds that the protocol can lend out. In July 2022, Aave's community approved the launch of GHO, a decentralized, collateralized stablecoin.

What is Defi lending protocol AAVE?

Inside the DeFi Lending Protocol DeFi protocol Aave is one of the largest lenders of cryptocurrency and its AAVE token has a larger market cap than rivals Maker or Compound. Here's how it works.

How secure is the AAVE protocol?

The Aave protocol is secured with a safe backstop for protocol insolvency. The protocol is currently secured with over $300m worth of Aave tokens. Learn more We want the Aave protocol to be the best it can be, so we’re calling on our community to help us find any bugs or vulnerabilities.