This is the 33rd issue of the Token Valley dApp newsletter. Let’s get right to it:
📺 dApp News
🤹 Tweets of the Week
✨ Token Valley’s ‘Weekly Spotlight’
Dapp of the week: AAVE
What is Aave?
Aave (from the Finnish word for "ghost") is a non-custodial protocol on Ethereum for decentralized lending and borrowing. For lenders, the protocol mints ERC20-compliant aTokens at a 1:1 ratio to supplied assets. Interest immediately starts compounding continuously, represented by a steady increase in the amount of aTokens held by the lender. This interest stream may be redirected to any address, separate from the aTokens that represent the underlying principal.