What Is Aave (LEND)?

[EAA-ALLAH]

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!)

LEND 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.

[Hometown]

Aave is the project of DeFi which borrowing, sending and binding money and cryptocurrencies. Aave is the old version of ETHLend and update version named Aave.

[hair]

Has anyone ever provided AAVE loans? it said could provide passive income per day by providing loans

[Rakin343]

Has anyone ever provided AAVE loans? it said could provide passive income per day by providing loans

Aave is a update state of ETHLend.

[EAA-ALLAH]

Has anyone ever provided AAVE loans? it said could provide passive income per day by providing loans

Aave is a update state of ETHLend.

Excellent answer, yes sir Aave(LEND) is the updated (Swap) formation of ETHLend. Now Aave also a favourite Defi project in cryptocurrency market.