$AAVE is a lending ecosystem designed to help holders of cryptocurrency lend their coins out for a higher return. The crucial thing here is that a cryptocurrency is borrowed and then more of that cryptocurrency is returned. That is straightforwardly Riba and not permissible. AAVE itself is not a haram asset per se, but our cautious view is that it is so inextricably linked up in its very origination as something that gets value from lending activity, that it is not something to support by even holding AAVE.
Reference, IFG
Haram Cryptocurrency Must Be Avoided š«
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