What is the purpose of Aave (AAVE) in decentralized finance?

What role does Aave (AAVE) play in the decentralized finance (DeFi) ecosystem? Specifically, how does it facilitate lending and borrowing activities among users, and what unique features or mechanisms does it offer that differentiate it from other DeFi platforms? Understanding its purpose can provide insights into its impact on the crypto space.

#Crypto FAQ

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