Crypto asset manager Grayscale has introduced a new investment product providing exposure to Aave‘s native token, (CRYPTO: AAVE), as part of the firm’s ongoing efforts to offer a wider range of innovative crypto investment products.
It enables users to borrow cryptocurrency by using their existing tokens as collateral and also allows them to lend their crypto assets to earn interest.
Aave is a decentralized lending platform built on the Ethereum (CRYPTO: ETH) blockchain.
While AAVE’s market capitalization is around $2.3 billion—a relatively modest figure compared to more popular cryptocurrencies—the platform has established itself as the largest lending protocol in the crypto space in terms of total value locked (TVL), …
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