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The Aave platform also supports 15 cryptocurrency tokens on its platform and is planning to increase this number in time. These tokens include DAI, USD coin (USDC), TrueUSD (TUSD), USDT coin (USDT), sUSD, Binance USD (BUSD), Ethereum (ETH), Basic Attention Token (BAT), Kyber Network (KNC), Chainlink (LINK), Decentraland (MANA), Maker (MKR), Augur (REP), SNK, WBTC coin (WBTC), and Ox coin (ZRX).
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Aave is accepted globally for financial transactions online at various e-commerce sites as a mode of payment.
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Aave is a London based decentralized cryptocurrency lending platform that was created in September 2018. The platform is the first crypto lending platform that operated on the principles of DeFi when it was first launched in 2017 under the name of ETHlend. The platform allows users to borrow and lend cryptocurrency assets in a decentralized and trustless medium. The platform also aims at eliminating the need for middlemen from the procedure and does not require the KYC (Know Your Customer) or other Anti-Money Laundering measures that are usually required in other platforms and even financial institutions.