Aave

London, United Kingdom · Founded 2017 · CEO: Stani Kulechov · DAO

Aave is a decentralized finance protocol enabling cryptocurrency lending and borrowing without intermediaries. Its main stablecoin is GHO.

Products

GHO active $584M
GHO Stablecoin
Crypto Backed

GHO is a decentralized, overcollateralized stablecoin on the Aave Protocol, pegged to the U.S. Dollar.

Overview

Aave is a decentralized finance (DeFi) protocol that facilitates the lending and borrowing of cryptocurrencies without intermediaries. It operates as a decentralized protocol and is not a publicly traded company.

Regulatory Status

A subsidiary of Aave Labs, Push Virtual Assets Ireland Limited, secured Crypto-Asset Service Provider authorization under the EU's Markets in Crypto-Assets Regulation (MiCAR) framework from the Central Bank of Ireland.

Key Products

Aave introduced its native stablecoin, GHO, in 2023.