$AAVE is a decentralized finance protocol that allows users to lend and borrow cryptocurrencies without the need for traditional banks or intermediaries. The protocol operates on Ethereum and other , enabling users to earn interest on their crypto holdings or borrow assets at variable or stable interest rates.

$AAVE is also the name of the governance token of the AAVE protocol, which is used for voting on proposals related to the protocol’s development and future updates. AAVE’s unique features include "flash loans," which allow users to borrow funds for a very short time, typically for a single transaction, without collateral, as long as the loan is paid back within the same transaction.

AAVE has grown to be one of the most prominent projects in the DeFi space.

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