The Aave team announced via Twitter on Tuesday that Lemon Argentinas has integrated the Aave Protocol. This latest development brings Aave’s Defi services to over 1.7 million Lemon Argentina users in Brazil and Argentina. By integrating Aave’s smart contracts, Lemon will be able to provide greater transparency and security to its growing user base, the team added.
Aave protocol is a decentralized, open-source, and non-custodial money market protocol. Depositors earn interest by providing liquidity to lending pools, while borrowers can obtain overcollateralized loans by using the liquidity from these pools. AAVE is trading at $80.9 per token, down by 7 % in the last 24 hours.