<span style="font-weight: 400"><a href="https://www.cryptoknowmics.com/news/aave-launches-new-governance-framework-on-ethereum-mainnet/">Aave</a>, a DeFi lending platform based-on Ethereum, has just <a href="https://www.pymnts.com/blockchain/bitcoin/2020/bitcoin-daily-ethereum-protocol-aave-raises-25m-boe-head-takes-stance-against-bitcoin/" target="_blank" rel="nofollow noopener">raised </a>$25 million in its venture capital investment round that took place very recently. A lot of prominent players in the industry have also participated in this funding round. Some of them are Standard Crypto, Blockchain Capital, and Blockchain.com. These new funds will help the project to expand its reach further. </span>
<h2><b>Aave Aims to Bring Defi Closer to Institutional Use</b></h2>
<span style="font-weight: 400">Stani Kulechov, CEO of Aave, has said that one of the main purposes of Aave protocol is to bring DeFi closer to the institutional use. Along with this, the project is also aiming to expand the team size which will help it to expand in the Asian market. The firm has also mentioned that the venture capital investors will also be able to stake tokens and participate in the governance as well.</span>

<span style="font-weight: 400">Aave is having quite an impressive track record when it comes to fundraising as earlier it has raised more than $20 million in these rounds. </span>

<span style="font-weight: 400">The firm provides several lending and borrowing features through which the investors can get an alternative to buy and sell crypto on the exchange. Aave also provides a facility to borrow and repay the loans even without collateral. </span>
<h2><b>Project Became Success in Terms of Market Position</b></h2>
<span style="font-weight: 400">Aave has received quite a great success when it comes to its market position. The reason is that the investors have crypto worth $1.2 billion locked in the platform, through which it became the third-largest DeFi app on Ethereum. The firm is aiming to expand it further due to which it is going through a lot of other developments as well. This could be seen among the main goals of the project. It has recently secured a UK financial license as well through which it will be able to expand its services in the UK market. </span>

Aave Raises $25M in Its Latest Venture Capital Investment Round

Aave, a Defi lending platform based-on Ethereum, has just raised $25 million in its venture capital investment round led by Blockchain.com.

Vandana has received Master of Arts degree in English from GEU Dehradun. She is currently working as a content writer with Agio Support Solutions and earlier worked as a sub-news editor at Business News and Information Services Private Limited. She is an enthusiastic content writer and aims to bring a compelling yet informative content to the audience. Meanwhile, enhancing her own knowledge in the cryptocurrency and blockchain industry.

Aave Raises $25M in Its Latest Venture Capital Investment Round

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