Aave is an open source and non-custodial protocol enabling the creation of money markets.
Aave is focused on creating a transparent and open infrastructure for decentralized finance.
Aave was founded in 2017 by Stani Kulechov. The company is headquartered in London, United Kingdom.
Aave is an open source and non-custodial money market protocol to earn interest on deposits and borrow assets with a variable or stable interest rate. The protocol is designed for easy integration into your products and services.
Aave allows depositors to earn interest by providing liquidity to lending pools, and users can borrow cryptocurrencies with little collateral. It’s currently the third-largest protocol in the booming Decentralized Finance (DeFi) sector, in terms of locked value, with $1.3 billion of assets staked on the protocol.
Aave is backed by Framework Ventures, Blockchain Capital, Standard Crypto, Blockchain.com ventures and others. The company raised $25M in new financing on Oct 12, 2020. This brings Aave's total funding to $49M to date.