Aave
Aave is a decentralized crypto lending marketplace that enables users to borrow funds against cryptocurrency collateral and originate cash loans to borrowers against digital asset collaterals. The platform allows users to retain upside on their collateralized assets instead of selling, with accrued yield automatically compounded over fixed durations. Aave offers access to fee reductions and participation in the…
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About
Aave is a decentralized crypto lending marketplace that enables users to borrow funds against cryptocurrency collateral and originate cash loans to borrowers against digital asset collaterals. The platform allows users to retain upside on their collateralized assets instead of selling, with accrued yield automatically compounded over fixed durations. Aave offers access to fee reductions and participation in the future governance of its protocols, along with developer tools for building tokenized debit applications on Ethereum. The protocol has become one of the largest decentralized lending platforms in DeFi, supporting flash loans, variable and stable interest rates, and credit delegation. Founded in 2009 and headquartered in London, United Kingdom, Aave has raised $29.5 million at the Series B stage from investors including Standard Crypto, Blockchain Coinvestors, ParaFi, Framework Ventures, Three Arrows Capital, 2020 Ventures, DeFiance Capital, Collab+Currency, and Spark.
Business model
Cryptocurrencies > Financial Services > Lending > Consumer Loans > Personal Loans > Liquidity Pools
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