-- (AAVE) is an Ethereum token that powers Aave, a decentralized, non-custody money market protocol where users can participate as depositors or borrowers.
Depositors provide liquidity to the market to have passive income, while borrowers can borrow cryptocurrencies in exchange for paying a variable interest rate..
In order to use the service, you simply deposit your preferred asset and amount. After depositing, you will earn passive income based on the market borrowing demand. -AAVE is used as the centre of gravity of Aave Protocol governance. AAVE is used to vote and decide on the outcome of Aave Improvement Proposals (AIPs). Apart from this, AAVE can be staked within the protocol Safety Module to provide security/insurance to the protocol/depositors. Stakers earn staking rewards and fees from the protocol.
Documentation on tokenomics and governance is available in the flash paper and with further detail in the full documentation. Feel free to join the discussion in the governance forum.
Feel free to refer to the White Paper for a deeper dive into Aave Protocol mechanisms. Developers can access the Documentation for a technical description of the Aave decentralised lending pool protocol. For a detailed risk analysis, please visit the risk framework.
This video may help you as introduction to the protocol:
Find additional services and integrations on the Aave ecosystem site.
thanks!!