How Aave actually works?

• Aave is a decentralized lending platform that allows users to lend and borrow digital assets. It is built on the Ethereum blockchain and uses smart contracts to facilitate the lending and borrowing process. Aave works by allowing users to deposit their digital assets into a pool, which is then used to provide loans to other users. The loans are secured by the deposited assets, and the interest rate is determined by the amount of assets in the pool. Aave also allows users to borrow assets from the pool, and the interest rate is determined by the amount of assets in the pool. Aave also provides a variety of other features, such as flash loans, which allow users to borrow assets without having to deposit any collateral.

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  What is Aave

  December 20, 2022

  Uncategorized