Aave DAO

Aave is a decentralised non-custodial liquidity protocol where users can participate as suppliers or borrowers. Suppliers provide liquidity to the market while earning interest, and borrowers can access liquidity by providing collateral that exceeds the borrowed amount. The Aave Treasury is a smart contract instance on each network where the protocol is deployed, controlled by Aave Governance. Each borrowable reserve in an Aave market has a parameter called reserve factor, which is the percentage of borrow interest accumulated to the treasury and is determined on a per-asset basis by Aave Governance.