Aave is a decentralized, non-custodial liquidity protocol that enables users to participate as suppliers or borrowers. Here's what you need to know:

*What is Aave?*

Aave is a platform where users can lend and borrow cryptocurrencies across 20 different assets as collateral. Lenders earn interest by providing liquidity, while borrowers can access loans by collateralizing their crypto assets ¹.

*Key Features:*

- *Supply and Borrow*: Users can supply assets to earn interest or borrow assets by providing collateral.

- *Swap and Stake*: Users can swap any ERC-20 token, even those borrowed or supplied, and stake assets to earn rewards.

- *GHO Stablecoin*: Aave's native stablecoin, GHO, is decentralized and overcollateralized.

- *Multi-Network Support*: Aave is deployable on any EVM-compatible network ¹.

*Aave Token (AAVE)*

The AAVE token serves three primary purposes:

- *Governance*: AAVE holders vote on protocol upgrades and decisions.

- *Incentives*: AAVE can be staked to earn rewards and fees.

- *Mitigation Tool*: Staked AAVE acts as insurance to cover potential deficits.

*Current Price and Market Info*

The current price of AAVE is $264.17, representing a 2.1% increase. The market capitalization is $3,996,105,398, and the 24-hour trading volume is $823,191,368 ².

*Security and Audits*

Aave has undergone extensive audits by leading security firms and has a bug bounty program in place to ensure the protocol's security ¹#AAVE