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https://github.com/aave/docs-v2


https://github.com/aave/docs-v2

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README

        

# Introduction

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See the major changes between [Aave v1 and v2 here](change-from-v1-to-v2.md).
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## What is Aave?

Aave is a decentralised non-custodial liquidity protocol where users can participate as depositors or borrowers. Depositors provide liquidity to the market to earn a passive income, while borrowers are able to borrow in an over-collateralised (perpetually) or under-collateralised (one-block liquidity) fashion.

The following documentation describes the fundamentals of the protocol and how to interact with it. Please join the #development room in the [Aave community Discord server](https://discord.gg/fVaDMqT); our team and members of the community look forward to helping you build on top of Aave.

![](<.gitbook/assets/Artboard – [email protected]>)

The protocol is implemented as a set of **smart contracts** on top of the Ethereum blockchain. Smart contracts guarantee safety and do not require a middleman.

{% hint style="info" %}
A detailed and technical description can be found in the [whitepaper](https://github.com/aave/protocol-v2/blob/master/aave-v2-whitepaper.pdf).
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