So what is Aave all about? How was it able to go from $0 to $3B in total value locked in less than a year? And what’s the use case for the AAVE token? You’ll find answers to these questions in this video.

The initial version of Aave which is currently one of the most popular lending protocols in decentralized finance came into existence in 2017. Before the rebranding that happened later in September 2018, the project was known as ETHLend.

ETHLend was started in Finland by Stani Kulechov. Stani, a law degree graduate, discovered Ethereum, realised the power of smart contracts and decided to build a peertopeer lending protocol.

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