Aave
- Name: Aave
- URL: https://aave.com
- Category: DeFi lending / non-custodial liquidity protocol
- Tags: ethereum-ecosystem
- Summary: Aave is the canonical onchain overcollateralized money market. The protocol matters, but so does the surrounding risk-and-governance machinery that decides listings, caps, liquidations, and incident response.
- What it does:
- Lets suppliers deposit assets into markets and earn yield
- Lets borrowers access liquidity by posting overcollateralized positions
- Exposes developer docs and integration surfaces for market data, positions, supply, and borrowing workflows
- Operates across multiple risk configurations and market types under the Aave protocol umbrella
- Key claims:
- Aave docs describe it as a decentralised non-custodial liquidity protocol where users can participate as suppliers or borrowers
- Official materials emphasize suppliers earning interest and borrowers accessing liquidity against collateral
- The main site points to multi-year uninterrupted operation and large cumulative deposit/borrow volume as part of Aave’s credibility story
- Whitepaper: Historical official Aave protocol whitepapers were confirmed during this pass and saved locally as:
../whitepapers/aave-protocol-whitepaper-v1.pdf../whitepapers/aave-v2-whitepaper.pdfFor current protocol behavior, the official docs appear to be the more relevant operational source. See../whitepapers/aave-primary-sources-2026-04-23.md.
- Sources:
Internal linkages
Governance / control risk
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Aave is the protocol baseline, but the market is still steered by a thick risk-and-governance bureaucracy around the contracts. The real policy surface sits in listings, caps, liquidation parameters, delegate blocs, service providers, and front-end defaults as much as in the code itself.
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Last reviewed: 2026-06-04 UTC