Aave is a decentralized lending platform that connects lenders and borrowers, functioning similarly to a bank. Users can deposit their money to earn yield, while others can borrow funds. To borrow, users must deposit collateral that exceeds their debt, ensuring repayment. Aave keeps the difference between the interest paid by borrowers (higher) and the interest paid to lenders (lower).💰 But unlike traditional banks, Aave relies on smart contracts to handle everything—no need for grumpy loan managers asking why 100% of your net worth is in crypto. People love the permissionless, 24/7 access Aave offers for lending and borrowing. No KYC, no approvals, no waiting.
Over the years, Aave has attracted substantial liquidity, further cementing its place in the DeFi space. Just take a look at the TVL, which shows the amount of money currently deposited in the protocol.
I believe AAVE has everything it needs in order to perform very well in this cycle. You can read more in-depth information in the source below.
Source: https://themilkroad.beehiiv.com/p/our-bullish-thesis-for-aave Show Less
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