Revolutionizing Lend and Borrow: Aave Named Top Project in Crypto Industry
The DeFi space offers a plethora of services that eliminate the need for intermediaries and custodians. Decentralized applications (dapps) like Aave enable practical use cases for mainstream users and put them in control of their financial journey. Aave is a decentralized non-custodial liquidity market protocol that allows users to lend out or borrow cryptocurrencies. The platform is community-governed and has expanded its operations across multiple chains to improve performance and usability. Aave supports flash loans, operates a decentralized governance system, and supports a wide range of crypto assets. However, the interest rates offered to lenders are low compared to other alternatives.