Aave Exchange

Aave Exchange is a platform for smart contracts built on top of the Ethereum Blockchain. This lending pool system is decentralised. Anyone can sign up for these agreements, save a small amount of money in a pool of assets, and earn interest from people willing to take a small amount of risk.

DeFi matured, developed, and defined its product-market fit during the summer of 2020. Now is the time for the Aave Protocol to enter the scalability phase and bring decentralised finance back into the hands of everyone, including those with three-figure portfolios.

Ave Exchange is an environment for intelligent contracts built on top of the Ethereum Blockchain. This lending pool arrangement is decentralised.
These agreements permit anyone to sign up without restrictions, save a small amount of money in a pool of assets, and earn interest from people willing to withdraw a small amount of money from the pool.
While enabling 16 different Ethereum resources, our convention allows for perpetual loans, stable rates, and resource tokenization. Interacting with savvy contracts is straightforward, but a tad specialised. The Aave convention is currently running on the Kovan Testnet, an isolated Ethereum network that serves as a safe environment for testing things out with resources that have no monetary value.
For this visit, try to use the Kovan Testnet.
A fantastic opportunity to become acquainted with the stage before our mainnet launch in a few weeks!

Focus on Ethereum

Aave was born and raised on Ethereum L1, and the Ethereum community was a huge catalyst for the protocol's development and the Aave Community's growth. Ethereum and the EVM are the DeFi's centre of gravity, and no other network can compete with Ethereum's network effect. On a public blockchain, however, having a slot on a block is determined by supply and demand.Today's block space supply is scarce and limited, and demand for Ethereum and DeFi has never slowed since the "DeFi Summer" of 2020.

ETH L1 as a Settlement Layer in a Multi-Market Approach

The solution is on the Ethereum scalability layers:

Sidechains, rollups, and zero-knowledge-based solutions are quite complex, but fortunately for us, engineers' role is to make great technology well implemented and intuitive, so that complex stuff, like the Aave mascot, becomes invisible to untrained eyes.The Aave Protocol will implement scalability solutions in a "New Frontiers" exploration with a multi-market approach. The ability to build synergies with other projects is one of DeFi's main assets, and by having an Aave Market in all the venues that matter, there's no need for a "winner-takes-all" scalability solution, and users can choose the solution they feel comfortable with.