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The money market protocol, Aave is an open source and non-custodial protocol enabling the creation of money markets. Aave is a DeFi lending protocol that enables users to lend and borrow a diverse range of cryptocurrencies using both stable and variable interest rates. Which Cryptocurrency Tokens are linked? LEND ($LEND) Token; How to lend on Aave; Aave vs. It was built on the Ethereum blockchain and is hence completely. What is Aave? Aave (pronounced “ah-veh”) is a decentralized cryptocurrency lending platform. Aave launched its Ethereum-based money market in January 2020 after completing a 2017 initial coin offering (ICO) raising $16.