Access the full power of DeFi.
Aave is the world’s largest liquidity protocol. Supply, borrow, swap, stake and more.
$ billion of liquidity currently supplied in Aave.
Meet Aave.
Earn interest and borrow assets.
Aave by the numbers.
Aave is one of the largest DeFi protocols with billions of dollars in weekly volume across Ethereum and 12+ networks.
Net deposits supplied across 13 networks.
Volume, past 30 days.
Average stablecoin supply APY Ethereum network, past year.
Average stablecoin borrow APR Ethereum network, past year.
DeFi, unlocked.
Swap
Swap any ERC-20, even those borrowed or supplied.
Stake
Earn rewards for securing the protocol.
Health Factor
Easily track the risk level of your borrow positions.
Multi-Network
Deployable on any EVM compatible network.
Non-Custodial
Users maintain control over their own funds throughout the supplying and borrowing process.
Transparent
The Aave Protocol is open source and transactions are visible to anyone.
Community Governed
AAVE token holders decide which assets are listed and steer protocol development.
Composability
Integrating Aave's liquidity pools and interest rate mechanisms enables the creation of diverse products and applications
GHO
GHO is the only decentralised, overcollateralised stablecoin native to the Aave Protocol.
Learn More%
Collateralisation30 Day Avg
+
GHO Minted1 Yr
Aave everywhere.
Join Aave’s growing constellation of builders.
Trusted by the best.
Aave Protocol has been trusted by leading institutions and companies.
Governed by you & others.
AAVE token holders guide the Aave Protocol via procedures, voting, and smart contract execution.
Go to the ForumSerious security.
Peace of mind by design.
Extensive Audits
Peace of mind supported by multiple audits by the world’s leading security firms.
Learn MoreBug Bounty
Security is a top priority. Report vulnerabilities or bugs responsibly and get rewarded.
Learn MoreShortfall Secured
The Aave Protocol is secured with a backstop against protocol insolvency.
Learn MoreFAQs
Aave is a decentralised non-custodial liquidity protocol where users can participate as suppliers or borrowers. Suppliers provide liquidity to the market while earning interest, and borrowers can access liquidity by providing collateral that exceeds the borrowed amount.
Supplied tokens are stored in publicly accessible smart contracts that enable overcollateralised borrowing according to governance-approved parameters. The Aave Protocol smart contracts have been audited and formally verified by third parties.
No protocol can be considered entirely risk free, but extensive steps have been taken to minimize these risks as much as possible -- the Aave Protocol code is publicly available and auditable by anyone, and has been audited by multiple smart contract auditors. Any code changes must be executed through the onchain governance processes. Additionally, there is an ongoing bug bounty campaign and service providers specializing in technical reviews and risk mitigation.
AAVE is used as the centre of gravity of Aave Protocol governance. AAVE is used to vote and decide on the outcome of Aave Improvement Proposals (AIPs). Apart from this, AAVE can be staked within the protocol Safety Module to provide a backstop in the case of a shortfall event, and earn incentives for doing so.