Aave was the first Peer-to-Peer lending protocol if I recall, and despite that compared to Compound and other P2P lending available on CEX such as binance, Aave differentiate itself for having perpetual lending mechanism. For example, on Binance you can borrow USDT using ETH as collateral but for a maximum of 6 months at which point you have to repay the loan. Aave enables users to borrow indefinitely as long as they maintain a good health score which is based on the value of the collateral across time. While the loan is active, you only need to pay back interest which is deducted automatically, which overtime erode your health score. Price fluctuations of the collateral also influence the health score at any given point in time. Overall, P2P lending enables advanced DeFi strategy to generate yield which is very beneficial to increase returns on investment. More importantly, with the periodic massive bear market happening to the crypto industry, P2P lending enables participants to prevent selling crypto-assets at the worst possible time in the hope the market recovers and head into another bull market. Show Less