AAVE (Aave) is an open-source, decentralised lending protocol built on the Ethereum blockchain. It allows users to deposit and lend various types of assets, as well as borrow other assets, in a decentralized and trustless manner. AAVE V2 and AAVE V3 are different versions of the Aave protocol. AAVE V2 is the previous version of the Aave protocol, which was launched in January 2020. It uses a system of collateralized debt positions (CDPs) and flash loans to facilitate lending and borrowing of ...