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Aave is a decentralized non-custodial money market protocol where users can participate as depositors or borrowers. Depositors provide liquidity to the market to earn a passive income, while borrowers are able to borrow in an overcollateralized (perpetually) or undercollateralized (one-block liquidity) fashion. The goal of Aave as a protocol is to bring decentralized finance to the masses.
Aave protocol has been audited and secured. The protocol is completely open source, which allows anyone to interact with Aave user interface client, API or directly with the smart contracts on the Ethereum network..Aave (LEND) is migrating to Aave (AAVE), please refer to the following announcement.
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