🔒 Know more about Aave ?

🔑 Aave is a decentralized finance (DeFi) protocol that allows users to lend their cryptocurrencies for interest and borrow both crypto and real-world assets. Originally built on the Ethereum blockchain, it has expanded to other blockchains like Avalanche, Fantom, and more.
The AAVE token can be staked on the platform for interest and used for governance of its Decentralized Autonomous Organization (DAO). It also provides users with perks such as lower fees on the platform. The platform is unique in that it originated the use of Flash loans, uncollateralized loans that need to be paid back within one block transaction. These can be used when a user finds an opportunity to buy a token, immediately sell it for a profit, and return the borrowed funds.
AAVE ESSENTIALS :
1 ) AAVE is the native ERC-20 token for the Aave DeFi protocol, which allows users to lend and borrow cryptocurrencies within the platform.
2 ) Holders can stake AAVE for interest, vote on protocol updates, and use the token to pay lower fees on the platform.
3 ) With its suite of services that includes secure lending and borrowing, flash loans, and staking, Aave is a platform that is used by many DeFi enthusiasts today.

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