DeFi project joins CoinDeal!
Let’s trade LEND/BTC!
Aave is an open-source and non-custodial protocol enabling the creation of money markets. Users can earn interest on deposits and borrow assets. Aave Protocol with their native token $LEND is a leading company within the decentralized finance (DeFi) sphere. Aave was set up in September 2018 after a successful initial coin offering (ICO) the previous year for its ETHLend token which raised USD$16.2 million.
Of curiosities, “Aave'' in Finnish means “ghost”. The ghost represents Aave’s focus on creating a transparent and open infrastructure for decentralized finance.
The creators of the project are Stani Kulechov (CEO) and Jordan Lazaro Gustave (COO). They both have retained and migrated their roles from ETHLend and giving their knowledge to the Aave project.