AAVE DeFi introduction
AAVE is a developer of decentralized applications on Ethereum. Its main product is ETHLend, a decentralized cryptocurrency-backed lending marketplace. Aave is an open source Ethereum DeFi lending application. Its development team is located in London, England. It provides lending services including DAI, USDC, USDT, ETH and other currencies. In addition, Aave features flash loans. Serve. Aave is a decentralized protocol that earns interest on deposits as well as lending. It is open source and unregulated, which means its code is accessible to all. Aave is a smart contract ecosystem on the Ethereum blockchain, so it is fully transparent, traceable, and auditable by all. Users can deposit part of their assets into the Aave reserve pool and earn interest on it (at a higher rate of return than most traditional banks). If users have enough collateral, they can also borrow some assets from the fund pool. Compared with traditional banks, the Aave protocol can make the most of your funds. For example, a borrower can switch between a stable rate and a variable rate to stay on top of the market and get the best rate. Sounds good right?