SummaryAave is a lending pool protocol and one of the top platforms in the DeFi ecosystem.Aave has seen growth in both AAVE-USD token holders and in lending protocol users.The protocol is branching out from just Ethereum-based lending to numerous other blockchain networks.One of the most popular activities in the broader cryptocurrency ecosystem is decentralized finance, or DeFi. DeFi is different from traditional finance in that depositing and lending is done without normal banking intermediaries. To accomplish this, users need to have a general understanding of some of the technical differences between simply depositing value with an institution and doing it through a decentralized application. While broad crypto adoption remains strong judging from wallet address growth and hashrates of leading coins, many users still require easier to understand interfaces. This UI problem led to the rise of custodial crypto institutions like Celsius Network (CEL-USD) and Voyager Digital (VGX-USD)(OTCPK:VYGVQ) . While many of the failures of those centralized crypto lending models have been well-chronicled, the DeFi space has held together fairly well as CeFi crypto business have collapsed amid poor risk management policies. One of the top protocols in the DeFi space is Aave (AAVE-USD). I recently added Aave to the BlockChain Reaction portfolio and will now share some of the fundamental details that I liked about the token.Platform Usage &...
