The AAVE token is the native cryptocurrency of the Aave protocol, a decentralized finance (DeFi) platform that enables users to lend and borrow a wide range of cryptocurrencies. AAVE holders can participate in governance decisions, vote on proposals, and earn rewards. The token also provides utility within the Aave ecosystem, including discounts on fees and enhanced protocol features. As a governance token, AAVE plays a crucial role in shaping the future of the Aave platform.
