aave protocol

Aave Protocol is an open-source liquidity protocol, a Decentralized Finance (DeFi) platform that allows users to lend and borrow cryptocurrencies. It is said to be the most long-lived and highly-ranked protocol by TVL-Total Locked Value (if the TVL is higher, the platform is considered more trustworthy), Aave also has a brilliant security track record. 

• Founder: Stani Kulechov 
• Founded:  May 1, 2017
• Headquarters: London, England, United Kingdom

Key Features:

• One can invest in Aave by purchasing the Aave protocol's token Aave.
• It is a non-custodial wallet that gives users full control over their funds throughout the lending and borrowing process.
• It has successfully provided users with an easy-to-use and reliable DeFi protocol that keeps evolving with time. 
• Most DeFi services including Aave have been built on the Ethereum Blockchain.

Aave has raised a total funding of $29.5M over two rounds, its first funding round was on July 9, 2020. As per the funding reports, Aave's recent funding round was a Series B, on October 12, 2020, for $25M.

FAQs 

1. How does it ensure the security of its user funds?

Two-factor authentication, continuous monitoring, advanced encryption and access controls, safety module, and regular audits and security protocols.

2. What networks is Aave available on?

Ethereum, Polygon, and Avalanche.