Aave
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Aave
A blockchain-based borrowing and lending protocol that runs on Ethereum. Introduced in 2017, Aave, along with Compound, are two major Ethereum lending platforms. When users deposit their crypto, they are awarded "aTokens" for the funds they have lent. AAVE is the Aave governance token, formerly known as LEND. In Europe, users can pay for everyday items with Aave Pay using fiat currency. See DeFi lending and crypto glossary.Copyright © 1981-2019 by The Computer Language Company Inc. All Rights reserved. THIS DEFINITION IS FOR PERSONAL USE ONLY. All other reproduction is strictly prohibited without permission from the publisher.