So what’s Aave all about? How was it in a position to go from $0 to $3B in whole worth locked in lower than a yr? And what’s the use case for the AAVE token? You’ll discover solutions to those questions on this video.
The preliminary model of Aave – which is at the moment probably the most common lending protocols in decentralized finance – got here into existence in 2017. Earlier than the rebranding that occurred later in September 2018, the venture was often known as ETHLend.
ETHLend was began in Finland by Stani Kulechov. Stani, a legislation diploma graduate, found Ethereum, realised the facility of sensible contracts and determined to construct a peer-to-peer lending protocol.
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