- What is Aave?
Aave (AAVE) was created in 2017 by developer Stani Kulechov, who had been exploring the potential for Ethereum to change the traditional financial system.
Aave is an Open Source and Non-Custodial protocol to earn interest on deposits and borrow assets. Running on the Ethereum Blockchain, Aave instead is a system of smart contracts that enables these assets to be managed by a distributed network of computers running its software.
Aave (AAVE) is similar in concept to ETHLend, all loans are overcollateralized.