Aave is a decentralized finance (DeFi) etiquette that supports lending & borrowing of cryptocurrency. While lending, they earn interest & while borrowing, they pay interest. The entire ‘lend’ & ‘borrow’ process can be carried out without going to a centralized negociant.
Aave is invigorated upon the Ethereum network. All the tokens on AAVE use the Ethereum blockchain for transactions. These transactions are known as ERC20 tokens. The convention uses an independent decentralized organization known as DAO. DAOs are managed and controlled by the people associated with AAVE tokens.
AAVE is the local governance token of the Aave protocol. Investors belonging to Ethereum cryptocurrency are eligible to review as well as vote on proposals influencing the project’s administration.
AAVE is one of the leading decentralized finance protocols. Market Cap considers the AAVE token to be the largest Defi coin. Ethereum investors can use Aave to borrow and lend their crypt
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