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About Aave
Aave (AAVE) is a decentralized lending protocol that enables users to lend and borrow cryptocurrency without intermediaries. Originally launched as ETHLend in 2017 and rebranded to Aave in 2020, the platform uses liquidity pools where depositors earn interest and borrowers take overcollateralized loans. It introduced features such as flash loans, variable and stable interest rates, and credit delegation. The AAVE token functions primarily as a governance asset, allowing holders to participate in protocol decisions and risk management.