| 1 Hour | 24 Hours | 7 Days | 30 Days | 1 Year |
|---|---|---|---|---|
| ▲+0.46% | ▲+0.21% | ▲+4.09% | ▲+45.36% | ▼-70.34% |
Aave is a decentralized money market protocol where users can lend and borrow cryptocurrency across 20 different assets as collateral. The protocol has a native token called AAVE, which is also a governance token that lets the community decide the direction of the protocol in a collective manner. Lenders can earn interest by providing liquidity to the market, while borrowers can borrow by collateralizing their cryptoassets to take out loans from the liquidity pools.