London, England, United KingdomFounded 2017176+ employeesPrivate
$49M raisedGrowth· last: secondary market (Aug 2023)· 10 rounds
Backed by(21 investors)
Blockchain Capital · LeadBlockchain.com Ventures · LeadStandard Crypto · LeadFramework Ventures · LeadDTC Capital · LeadIBM · Lead+15 more
Aave (from the Finnish word for "ghost") is an open source non-custodial protocol on Ethereum for decentralized lending and borrowing. For lenders, the protocol mints ERC20-compliant aTokens at a 1:1 ratio to supplied assets. Interest immediately starts compounding continuously, represented by a steady increase in the amount of aTokens held by the lender. This interest stream may be redirected to any address, separate from the aTokens that represent the underlying principal.
