Did you know that the name Aave comes from the Finnish word for “ghost”? The protocol was rebranded to reflect this, in September 2018. The Aave protocol went live on mainnet in January 2020, supporting 16 assets, at the time. In July 2020, Aave announced a $3 million investment from Three Arrows Capital, Framework Ventures, and Parafi Capital.
2020 was a huge year for Aave as its total value locked surged over 560%, from around $300,000 to top $2 billion, by the end of the year. If that wasn’t impressive enough, its rebased AAVE token was the best performing DeFi asset of 2020, skyrocketing over 5,000% in value. This is a solid project and GHST is next in line for a 5000% imo