

Before Aave, on-chain lending was clunky, centralized, and largely trust-based, with few options beyond a basic borrowing model.
Aave introduced permissionless liquidity pools, variable interest rates, and flash loans—radically improving capital efficiency. It became a cornerstone of DeFi, enabling anyone to lend or borrow with just a wallet and helping define the architecture of modern on-chain finance.

Aave’s flash loans enabled uncollateralized borrowing within a single transaction, opening the door to arbitrage, refinancing, and DeFi automation.
Combined with dynamic, algorithmic interest rates, these innovations made Aave one of the most composable and efficient protocols in Web3.

An open-source, web-based platform developed by Aave Labs to facilitate user interaction with the Aave Protocol.
An open-source, web-based platform developed by Aave Labs to facilitate user interaction with the Aave Protocol.

Since Aave is a decentralised, non-custodial liquidity protocol, anyone can access it completely permissionlessly through smart contracts on supported blockchain networks.
Since Aave is a decentralised, non-custodial liquidity protocol, anyone can access it completely permissionlessly through smart contracts on supported blockchain networks.

All functionalities + leverage and auto liquidation (repayment with collateral) can be accessed by DeFi saver, an asset management application for DeFi protocols.
All functionalities + leverage and auto liquidation (repayment with collateral) can be accessed by DeFi saver, an asset management application for DeFi protocols.

Flash Loans, supply and withdrawal are accessible through Furucombo, multi-functional DeFi aggregation protocol.
Flash Loans, supply and withdrawal are accessible through Furucombo, multi-functional DeFi aggregation protocol.

Aave is no longer just a lending protocol—it’s a core building block embedded across countless DeFi applications, from aggregators to DAOs to on-chain treasuries.
With a thriving community, cross-chain expansion, and the new wave of protocols it has inspired – from real-world assets to decentralized social, Aave remains at the heart of on-chain finance.

