Aave (AAVE) cryptocurrency is an open-source project written on ERC-20, which forms the basis of the Ethereum blockchain network, in 2017. AAVE tokens were initially launched as LEND tokens and were rebranded to AAVE in October 2020 by giving 1 AAVE for every 100 LEND owned. Additionally, during this transition, an extra 3 million AAVE tokens were also created for different uses.
Aave (AAVE) is a DeFi project.
DeFi is a term that encompasses many projects within it. Literally, DeFi means "Decentralized Finance". It is a general term given to projects that aim to change the traditional centralized finance approach, making all the advantages of finance more decentralized and easily accessible.
Aave (AAVE) provides its users with decentralized, intermediary-free, and fixed interest rate lending between individuals.
With fixed interest rates, Aave (AAVE) aims to be an international lending institution by preventing users from being affected by varying interest rates between countries.

With the Aave (AAVE) system, you can obtain loans independently of the interest rates set by your country, no matter where you are in the world. Although the interest rate applied when a loan is given is dependent on supply and demand, it is generally fixed.
Aave (AAVE) always has a liquidity reserve to allow lenders to withdraw their assets.
The biggest difference from other lending DeFi projects like Aave (AAVE) is that the borrowing interest rates are fixed.

Aave (AAVE) is not a cryptocurrency that can be mined. All Aave (AAVE) balance is supplied at certain intervals.
The method to earn Aave (AAVE) is by being a lender in the system. You can earn interest at a certain rate from the amount you lend.
In the Aave (AAVE) system, you can lend from all coins based on ERC-20. You can send the interest earned from the amount you lent to another wallet address whenever you want.

LEND, the cryptocurrency of the Aave project, is used for all necessary expenses when you join this system. Rewards are given in LEND according to the interest income of the lent token.
Currently, there are a total of 1,299,999,942 LEND in the market. It is ranked 39th among the cryptocurrencies with the highest volume with its current valuation.

In Turkey, contrary to what might be assumed, buying Aave with Turkish Lira is a very easy and quick process. You can buy Aave without needing any technical knowledge or official documents.