Aave is a decentralized finance protocol that allows people to lend and borrow crypto.
Lenders earn interest by depositing digital assets into specially created liquidity pools. Borrowers can then use their crypto as collateral to take out a flash loan using this liquidity.
Aave (which means “ghost” in Finnish) was originally known as ETHLend when it launched in November 2017, but the rebranding to Aave happened in September 2018. (This helps explain why this token’s ticker is so different from its name!)
AAVE provides holders with discounted fees on the platform, and it also serves as a governance token – giving owners a say in the future development of the protocol.
The Aave team-backed Lens Protocol wants to focus on rapid community embrace and is willing to offer developers a grant to help build applications that can aid broad adoption of the Lens Protocol.
Opera is currently facing fierce competition from Brave, a browser seeking to leave a huge mark in the crypto industry as it also plans to support Solana.
As AscendEX lost nearly $78 million, it promises 100% compensation to all the affected users. It also promises of working with blockchain security firms and law enforcement agencies for the same.
