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Aave is a decentralized, open-source, and non-custodial liquidity protocol. Depositors earn interest by providing liquidity to lending pools, while borrowers can obtain loans by tapping into these pools with variable and stable interest rate options. Aave Protocol is unique in that it tokenizes deposits as Tokens, which accrue interest in real-time. It also features access to Flash Loans and Credit Delegation as uncollateralized loan options.