Aave is a decentralized non-custodial liquidity protocol that enables users to supply and borrow assets. As one of the largest DeFi protocols globally, Aave facilitates liquidity provision while allowing users to earn interest and borrow securely.
The protocol operates on a permissionless framework utilizing open-source smart contracts deployed primarily on Ethereum and other EVM-compatible networks. Aave allows users to swap, stake, and track risk levels seamlessly, making it a versatile platform in the DeFi ecosystem.
Aave also features its own stablecoin, GHO, which is overcollateralized, adding another layer of functionality. The governance of the protocol is community-driven, allowing AAVE token holders to vote on significant decisions regarding listings and protocol development.
Moreover, Aave is backed by solid security measures, including extensive audits by leading firms and ongoing bug bounty programs. Users can engage with the platform with confidence, knowing their assets are managed through a transparent and auditable system.