Lending protocol

Aave

Non-custodial lending protocol where users supply crypto to earn interest and borrow against collateral.

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Facts checked Sep 26, 2026

Aave key facts

CategoryLending protocol
ChainsEthereum and other EVM networks
PlatformsWeb
CustodyNon-custodial
FeesFlash loan fee 0.05% at deployment, changeable by governance
Security audits65 audits and AI-assisted reviews; $5M+ bug bounty
TokenAAVE; GHO stablecoin
About

What is Aave?

Aave is a decentralized, non-custodial lending protocol: users supply crypto assets to earn interest and borrow against collateral. Its security page lists 65 audits and AI-assisted reviews and a live bug bounty of $5M+. Flash loans carry a fee set at 0.05% at deployment, changeable by governance vote.

Aave usage

Total value locked$19.2B+1.1% in 7 days
Fees paid, 24h$1.2M
Fees paid, 30d$36.4M
Chains23

From DefiLlama (TVL) (fees users paid), updated Sep 26, 2026.

Lending protocolNon-custodialWeb

Aave pros and cons

Pros
  • Security page lists 65 audits and AI-assisted reviews
  • Bug bounty rewards of $5M+ listed on its security page
  • Flash loans for developers, with a 0.05% fee at deployment
Cons
  • Positions are liquidated when the Health Factor falls below 1
  • Borrow rates rise faster above the optimal utilization point
  • Flash loan fee can be changed by governance vote

Aave FAQ

What is Aave?

Aave is a decentralized, non-custodial lending protocol: users supply crypto assets to earn interest and borrow against collateral. Its security page lists 65 audits and AI-assisted reviews and a live bug bounty of $5M+. Flash loans carry a fee set at 0.05% at deployment, changeable by governance vote.

How much value is locked in Aave?

$19.2B according to DefiLlama on Sep 26, 2026. It is deployed on 23 chains: Ethereum, Base, Arbitrum, Plasma, Avalanche, Monad and others.

How much does Aave cost?

Flash loan fee 0.05% at deployment, changeable by governance, according to Aave’s own page (checked Sep 26, 2026).

How much do users pay Aave in fees?

$36.4M over the last 30 days, according to DefiLlama on Sep 26, 2026.

Does Aave hold my funds?

No. Aave is non-custodial: you keep your funds in your own wallet and sign each transaction.

Sources

  1. Aave: official site
  2. Aave: Flash loans guide
  3. Aave: Security
  4. Aave: Docs
  5. DefiLlama

How this page works

Sources: Aave: official site, Aave: Flash loans guide, Aave: Security. Data as of Sep 26, 2026.

How we review

Not affiliated with any project listed. Educational content, not financial advice.