Short description
Aave is an open source non-custodial protocol on Ethereum for decentralized lending and borrowing.
Description
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.
Aave offers flash loans: trustless, uncollateralized loans where borrowing and repayment must occur in the same transaction. Aimed at developers, this feature could lead to innovative uses of DeFi.
Total funding
$$3123123
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Location
London, England, United Kingdom, Europe
Founded on
May 1, 2017
Non-profit?
No
Acquired?
No
Employees count
11-50
Revenue range
$56378 - 90123
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Investors
Blurry Noaccess, No Way, Cannot Access, Blurry Noaccess, Uh Ohhhh, Absolutely Noaccess, No Way, Nopepepe, Absolutely Noaccess, Absolutely Noaccess, Noaccess, Noaccess, Cannot Access, Absolutely Noaccess, Absolutely Noaccess, Uh Ohhhh, Noway Youcantaccess, Noaccess, Noaccess
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Founders
Stani Kulechov
Funding rounds count
4
Portfolio organisations count
Noaccessforu, Uh Ohhhh
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Lead investments count
1