"Grayscale Aave Trust gives investors exposure to a protocol with the potential to revolutionize traditional finance," said Grayscale's head of product and research, Rayhaneh Sharif-Askary.
"By leveraging blockchain technology and smart contracts, Aave's decentralized platform aims to optimize lending and borrowing while removing intermediaries and reducing reliance on human judgment," he said.
Despite having a market capitalization of $2.3 billion, Aave is the largest cryptocurrency lending protocol by total value locked (TVL), indicating its significance in the DeFi space.
The launch comes only a few weeks after Grayscale introduced the Grayscale Avalanche Trust, highlighting the firm's strategy of expanding its investment products in the crypto sector.
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