Aave Short – Form Research Report

Aave is an open-source and non-custodial protocol to earn interest on deposits and borrow assets with a variable or stable interest rate, without middlemen. It also enables ultra-short duration, uncollateralized flash loans designed to be integrated into other products and services. Aave runs on the Ethereum blockchain and is a system of smart contracts that enables assets to be managed by a distributed network of computers running its software. 

Aave began as ETHLend in 2017 after it raised $16.2 million in an Initial Coin Offering (ICO) to create a decentralized peer-to-peer lending platform. Later, the platform rebranded to Aave when it switched to a liquidity pool model. Aave launched the Aave Protocol in 2020, where users can earn interest on deposits and borrow assets. 

AAVE Tokens is the native tokens of the platform and is used as the centre of gravity of Aave Protocol governance. AAVE is used to vote and decide on the outcome of Aave Improvement Proposals (AIPs). In addition, it can be staked within the protocol Safety Module to provide security/insurance to the protocol/depositors. Stakers earn staking rewards and fees from the protocol. 

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