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Aave is a decentralized non-custodial money market protocol where users can participate as depositors or borrowers. Depositors provide liquidity to the market to earn a passive income, while borrowers are able to borrow in an overcollateralized (perpetually) or undercollateralized (Flash Loans) fashion.

Aave is the lending market with the fastest growth in the DeFi ecosystem! Aave introduced stable rates for borrowing, the stream of interest directly to the users’ balance, and native interest redirections. Additionally, Aave upgraded the deposit tokenization system and democratized the concept of Flash Loans. Aave is currently listing 17 assets including a broad set of 6 different stablecoins.

Aave is proudly open-source and will always remain friendly to third-party developers.

Many DApps have leveraged Aave's features to offer DeFi services, among them:

  • β€œStop-loss orders” and automated loan rebalancer with DefiSaver​

  • Interest rate swaps derivatives with Opium Network​

  • Upfront Interest with 88Mph​

  • Collateral swaps to mitigate volatility with CollateralSwap​

  • Flash Loans GUI with Furucombo​