Aave

Aave is a decentralized liquidity protocol powered by smart contracts that allows users to deposit assets, borrow and lend, and participate in the GHO stablecoin ecosystem. Recent moves include deploying V4 on Avalanche, launching V3 and GHO on Monad, and using Stable Vaults and mGLOBAL to expand into fintech, tokenized assets and onchain credit markets. As network activity and the AAVE token price recover, key issues to watch include the protocol’s resilience during more than $8 billion in withdrawals and its security, liquidity and governance risks.