Aave is an Open Source and Non-Custodial protocol to earn interest on deposits and borrow assets. The protocol features Flash Loans, the first uncollateralized loan in DeFi.
Cross-chain governance and open-sourcing the Aave UI
The Aave Companies are committed to creating open source software that empowers users’ financial, social and cultural independence. For this software, decentralization and — most specifically decentralized governance — will be a core feature; and it is this decentralization that allows community members to contribute to the larger social, cultural and financial ecosystem growing around any software protocol.
With respect to the Aave Protocol, the community has indicated that it would like to see the protocol deployed to networks other than Ethereum, such as Polygon. Because this is a community-based desire and because the Aave Protocol is controlled by the community through Ethereum-based Aave Governance, the community should also be able to use the Aave Governance with any non-Ethereum networks.
Introducing Aave Governance cross-chain bridges — a unique set of tools to enable true cross-chain governance on Ethereum — that the Aave community can consider adopting. An explanation of this new software is below, along with an announcement about the open-sourcing and decentralizing of the Aave user interface, for anybody to contribute and run to access the protocol.
Aave is an Open Source and Non-Custodial protocol to earn interest on deposits and borrow assets.