What Is Aave?

In decentralised finance, Aave is one of the largest decentralised lending protocols.

Aave was started in 2017 under EthLend name. Aave means a ghost in the Finnish language. The latest version, Aave v3, was launched in 2023. Aave has an ERC-20 token AAVE.

As the writing of this, Aave has been deployed several blockchains, including Ethereum, Polygon, Arbitrum and Optimism.

Aave has a protocol subset for real-world assets (RWAs) called Aave Arc.

See also

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