Aave V1

Earn interest, borrow assets, and build applications

## Overview Aave V1 is a decentralized lending and borrowing protocol deployed on the Ethereum blockchain. It allows users to deposit cryptocurrency assets into liquidity pools and earn variable or stable interest rates, while simultaneously enabling other users to borrow those assets by posting collateral. The protocol operates without intermediaries—there are no loan officers, credit committees, or traditional underwriting. Instead, smart contracts manage deposits, borrowing, interest accrual, and liquidations based on predefined rules and collateral ratios. The protocol exists to democratiz