Grayscale announced the launch of the Aave Fund, which aims to provide investors with investment opportunities in the AAVE token. Aave is a decentralized lending platform based on Ethereum that allows users to use other cryptocurrencies as collateral for automated lending, while also earning interest by lending cryptocurrencies. Although the Aave token has a market value of $2.3 billion and is smaller than more well-known tokens, its protocol has become the largest cryptocurrency lending protocol by total value locked (TVL). Grayscale said that by leveraging blockchain technology and smart contracts, Aave aims to optimize the lending process, reduce the involvement of intermediaries and reduce reliance on human decision-making. (CoinDesk)