Seven Ethereum Protocols Form Alliance to Enable Self-Custody Transactions

Aave, Aragon, Lido and four other projects unite to let users hold and trade assets directly on Ethereum without intermediaries.

ETH
AAVE

Summary

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Terms & Concepts
  • Self-custody: The practice of users holding and managing their own digital assets without reliance on third-party custodians.
  • Ethereum protocol: A set of rules and smart contracts (self-executing blockchain code) operating on the Ethereum network to provide specific functions or services.
  • Intermediary-free transactions: Transfers of assets conducted directly between parties through blockchain technology without involving centralized platforms or middlemen.