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Bringing financial wellness to everyone.

a shot from the defi summer days event
Aave Labs CEO Stani Kulechov at DeFi Summer Day with Ethereum founder Vitalik Buterin Cannes 2025

Our history.

Aave Labs is the original author and contributor to Aave, the #1 DeFi protocol.

Aave was born from a revolutionary vision to transform the lending and borrowing landscape within the decentralized finance (DeFi) sector. It made its debut in 2020, emerging from the creative minds that previously developed ETHLend. The goal was to establish a platform that not only streamlined the lending process but also made it more accessible and user-friendly for everyone, regardless of their financial background.


Building the future.

$0B
Total interest paid.
$0T
Cumulative deposits.
$0B
Total originated loan volume.

Working at Aave Labs.

These values shape how and what we build. If these intrigue
you, take closer look at who we are and the open roles we have.

Craft
We take pride in craft, talent, attention to detail, mindfulness, resourcefulness, and meaningful steps towards excellence.
Accountability
We take responsibility for our own decisions, actions and results, and we work as one team.
Integrity
We count on each other to be direct, honest, and caring. Our word matters; what we say is what we do.
Sisu
We take pride in craft, talent, attention to detail, mindfulness, resourcefulness, and meaningful steps towards excellence.
Community
We take responsibility for our own decisions, actions and results, and we work as one team.

FAQs

Aave is a decentralised non-custodial liquidity protocol where users can participate as suppliers or borrowers. Suppliers provide liquidity to the market while earning interest, and borrowers can access liquidity by providing collateral that exceeds the borrowed amount.

The Aave Protocol is governed by the Aave DAO, not Aave Labs. Token holders propose and vote on all key changes. Aave Labs contributes proposals and code, but decisions are made by the community.

No protocol can be considered entirely risk free, but extensive steps have been taken to minimize these risks as much as possible – the Aave Protocol code is publicly available and auditable by anyone, and has been audited by multiple smart contract auditors. Any code changes must be executed through the onchain governance processes. Additionally, there is an ongoing bug bounty campaign and service providers specializing in technical reviews and risk mitigation.

AAVE is used as the centre of gravity of Aave Protocol governance. AAVE is used to vote and decide on the outcome of Aave Improvement Proposals (AIPs). Apart from this, AAVE can be staked within the protocol Safety Module to provide a backstop in the case of a shortfall event, and earn incentives for doing so.

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