Aave
Aave is a company that operates an open-source liquidity protocol.
Services
Aave operates as an open source liquidity protocol. This service allows users to deposit or borrow cryptocurrency assets. The protocol facilitates decentralized finance (DeFi) by enabling these transactions without the need for traditional financial intermediaries. Users can earn interest on deposits and borrow assets with over-collateralized loans. The protocol supports a variety of crypto assets for both lending and borrowing.
Sector
Aave functions within the decentralized finance (DeFi) sector. This sector is part of the broader blockchain industry, focusing on financial operations that do not rely on central financial intermediaries. DeFi encompasses services such as lending, borrowing, trading, and earning interest on cryptocurrency assets. Aave's open source protocol is a significant component of this rapidly growing financial ecosystem.