What is Aave (AAVE)?

Aave is a decentralized money market protocol that lets users lend and borrow cryptocurrency. They offer a range of assets as collateral, and its protocol has a native token called AAVE. This token also serves as a governance token, allowing the community to collectively decide the future of the protocol. Lenders earn interest by providing liquidity to the market, while borrowers can take out loans from the liquidity pools by collateralizing their crypto assets.