Aave: Complete Dashboard

Aave is a leading DeFi protocol enabling non-custodial lending and borrowing.

It works by pooling user-supplied assets (earning real-time yields via aTokens) for borrowers to access against collateral, with dynamic APYs based on utilization, automated liquidations for risk management, and composable features like swaps and uncollateralized flash loans.

Revenue comes from fees on loans and incentives tied to its AAVE governance token.

Key products include:

• Core V3 markets for multi-asset lending
• GHO (a yield-bearing USD stablecoin)
• Upgrade Umbrella Safety Module for insurance via AAVE staking
• V4's modular Hub & Spoke architecture (upcoming)
• Horizon for institutional RWA pools

Aave V3 Metrics

Financial Metrics

Lending Landscape

Aave's market share of all lending protocols

GHO

GHO is Aave's decentralized & overcollateralized USD-pegged stablecoin.

It's minted by users locking eligible collateral (like ETH or stables) into Aave's protocol at a ratio governed by risk parameters.

Supply is capped to maintain peg stability and diversification. It's primarily used for:

• Borrowing liquidity
• "Saving" with Aave; stake GHO for SGHO and earn yield
• Payments
• DeFi integrations (additional yield opportunities)