Aave

Aave

Develops decentralized liquidity and social protocols

About Aave

Simplify's Rating
Why Aave is rated
A-
Rated B on Competitive Edge
Rated A on Growth Potential
Rated A on Rating Differentiation

Industries

Fintech

Crypto & Web3

Company Size

51-200

Company Stage

Series B

Total Funding

$56.5M

Headquarters

London, United Kingdom

Founded

2017

Overview

Aave Companies is a good place to work because of its strong focus on decentralization and blockchain technology, positioning itself at the forefront of financial and social media innovation. By developing protocols like Aave and Lens that enhance user sovereignty over data and financial transactions, the company not only leads in technical advancements but also promotes a culture of empowerment and collaboration among developers. This environment is ideal for professionals passionate about shaping the future of decentralized applications.

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Simplify's Take

What believers are saying

  • Aave's integration with Layer-2 solutions reduces transaction costs and increases speed.
  • Partnership with Blockware Solutions could enhance GHO stablecoin stability.
  • Aave's V3 launch on Aptos testnet expands its reach beyond Ethereum.

What critics are saying

  • Increased competition from other DeFi protocols could erode Aave's market share.
  • Aave's Bitcoin mining venture exposes it to regulatory risks.
  • Cross-chain operational issues may arise with GHO stablecoin's multi-network launch.

What makes Aave unique

  • Aave offers unique flash loans requiring repayment in the same transaction.
  • Aave's GHO stablecoin is overcollateralized and operates across multiple networks.
  • Aave's V4 update aims to improve yields and interoperability in DeFi.

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Funding

Total Funding

$56.5M

Above

Industry Average

Funded Over

0 Rounds

Benefits

Competitive salary + token + equity plan

Health and dental insurance

25 days of PTO

Remote friendly

Company News

FF News
Feb 10th, 2025
Aave’S Gho Stablecoin Now Live On Base, Expanding Access And Use Cases

Following open discussion and a successful Aave community vote, GHO, the decentralized, overcollateralized stablecoin native to the Aave protocol, is now available on Base, the secure, low-cost, builder-friendly Ethereum Layer-2 network incubating at Coinbase. Users can now supply liquidity, bridge, and borrow GHO on Base. This launch, along with GHO’s earlier successful launches on Ethereum Mainnet and Arbitrum, validates Aave’s cross-chain expansion strategy powered by Chainlink, demonstrating GHO’s seamless operation across networks. Expanding GHO’s availability increases accessibility, fostering wider adoption and new use cases. Aave is the leading DeFi protocol across multiple networks, including Base (home to over 440,000 Aave users and $770M in net deposits). GHO has the opportunity to mirror Aave’s success within Base and other ecosystems.GHO’s expansion to Base builds on the GHO Cross-Chain Architecture adopted by Aave Governance

Crypto Weekly Journal
Jan 17th, 2025
Aave Ventures Into Bitcoin Mining to Strengthen GHO Stablecoin

Due to this, Aave will be partnering with Blockware Solutions, one of the trusted mining providers, to purchase turn-key mining rigs that immediately pay for themselves without taking years of development time.

TechBullion
Jan 12th, 2025
EVM+WASM Compatibility Sets BlockDAG's Path to $1! Aave Ties Up with Aptos & DOGE Transfer Makes News

Aave Labs has launched its V3 lending protocol on the Aptos testnet, marking the first Aave integration outside of Ethereum's ecosystem.

Crypto News
Jan 4th, 2025
Will Aave price soar to $500 as exchange balances fall?

Aave is now working on its V4 project, which will be the biggest upgrade on record.

Brave New Coin
Jan 3rd, 2025
Aave Breaks Records with $33.4 Billion in Deposits, Eyes Ambitious Growth in 2025

In a bid to maintain its momentum, Aave introduced the much-anticipated V4 update.

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