What is Aave Protocol (AAVE)

1. Project Introduction Aave is a decentralized, non-custodial liquidity protocol that allows users to participate as depositors or borrowers. Depositors provide liquidity to the market and earn interest, while borrowers can obtain liquidity by providing collateral exceeding the loan amount. AAVE is the protocol's native governance token, and the protocol is governed by AAVE token holders. Aave is deployed on Ethereum, Polygon, Avalanche, BNB Chain, Fantom, and Harmony, as well as several Layer 2 networks including Base, Arbitrum, Optimism, Gnosis, Scroll, Metis, and ZKsync Era. Initially launched as ETHLend, the protocol was rebranded to Aave in 2018. Summary: Aave is a non-custodial DeFi protocol that offers a suite of financial services in a decentralized environment. 2. Team & Investment Info Team: Stani Kulechov is the founder and CEO of Aave, and also the founder of Lens Protocol. X: @StaniKulechov Funding: October 2020: Raised $25 million in a funding round led by Blockchain Capital, Standard Crypto, and Blockchain.com Ventures. July 2020: Raised $3 million through a token sale with participation from Framework Ventures and Three Arrows Capital. July 2020: Received a $4.5 million investment from ParaFi Capital. 3. Social Media URLs X: https://x.com/aave Discord: https://discord.com/invite/aave 4. Token Info Token Symbol: AAVE Total Supply: 16,000,000 Token Type: ERC-20 Issuance/Burn Mechanism: Fixed supply Contract Address: https://etherscan.io/token/0x7fc66500c84a76ad7e9c93437bfc5ac33e2ddae9 Token Distribution: Investors: 77% Founders and project: 23% 5. Related Links Official Website: https://aave.com/ Docs: https://aave.com/docs Other Info: https://www.rootdata.com/Projects/detail/Aave?k=MTA2; https://github.com/aave; https://dune.com/aavelabs