Aave Companies is an early pioneer of decentralized finance and web3 applications. Aave builds smart contract-enabled protocols, applications and tools that incorporate decentralized blockchain technologies and token-based economies. The Aave Companies focuses on developing technology based on blockchain with the purpose of increasing access to financial and social markets, empowering people and creating human connection.
Aave is best known for creating the Aave Protocol, one of the most widely used decentralized liquidity protocols in the world. The protocol is fully governed by the Aave Community of AAVE token holders. The protocol allows users to supply and borrow cryptographic assets without third-party intermediaries.
In October 2021, the Aave Protocol became one of the largest DeFi protocols with $19.28B in total value locked (TVL), an established metric used in DeFi, and a market size of $31.58B, including both supplied and borrowed assets.
In 2022, Aave introduced a blockchain-based social media protocol, Lens Protocol. Lens is an open-source decentralized social media tech stack that enables users to own and manage their data and social profile, and developers to create social media applications and services.
OpenZeppelin is the security standard onchain finance is built on. Since 2015, we've secured more than $35 trillion in value transferred for the institutions and innovators shaping global finance.
For a decade, OpenZeppelin has been the trusted security partner for the organizations bringing real value onchain, such as DTCC, Fidelity Digital Assets, WisdomTree, Coinbase, Uniswap, Aave, the Ethereum Foundation, Stellar, and more. We deliver continuous security across architecture, build, security evaluation, and ongoing support, combining world-class researcher expertise with AI-native workflows.
OpenZeppelin Contracts is the industry standard smart contract library, used to build 10 of the top 10 tokenized money market funds and 9 of the top 10 stablecoins by market cap.
Our security services have delivered 900+ security engagements and surfaced 10,000+ vulnerabilities across the most critical onchain infrastructure, with more than $250 billion in onchain value secured.
MakerDAO is the decentralized autonomous organization that enabled and currently sustains the Maker Protocol, the largest decentralized finance protocol by total value locked that generates and maintains Dai, the first decentralized stablecoin.
The Maker Protocol is an open-source smart contract system publicly deployed on Ethereum that anyone can use to generate liquidity by minting the Dai stablecoin.
The tokens that sustain the Maker Protocol are MKR for governance, and DAI as the stablecoin
* MKR is the governance token used by its holders to vote and decide on proposals that aim to improve or change the system.
* DAI is the decentralized stablecoin hard pegged to the US dollar and backed by crypto and legacy finance assets.
The Maker Protocol enables this liquidity via three main products:
* Maker Vaults: A tool where anyone can deposit crypto assets as collateral and generate Dai as a loan against it.
* Peg-Stability Module (PSM): A tool where any user can swap other stablecoins for Dai and vice versa. They can deposit stablecoins and receive Dai at a 1-to-1 rate, or deposit Dai and receive stablecoins held by the PSM at a 1-to-1 rate.
* Direct Deposit Module (D3M): A wholesale credit line that provides immediate liquidity in Dai to lending markets in the decentralized finance space such as Aave.
All the components that make the Maker Protocol work are supported and sustained by the decentralized, open community known as MakerDAO through a decentralized system of Governance powered by MKR token holders and Delegates.
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