Utilities: governance and staking.
Holder can vote on allocation of treasury funds, risk parameters, the amount of tokens issued and stake their tokens into the Safety Module (SM) to provide funds that can be used to secure the protocol

- The utilities of the token (governance and staking)
- Staking rate is still low relative to the circulating supply and it only pays out the native token. Also, the protocol does not redistribute much of the fees it creates to its users like

- Lend and borrow funds with higher capital efficiency and lower cost
- No KYC, minimum deposit, or country restrictions

Earned from charging lending and borrowing's fee plus the fees from flash loans are deposited (0.09%). 
These funds are governed by Aave token holders. It’s worth mentioning that the value captured by fees is reflected in the token by governance

- 0.09% Fees charged on borrow of funds
- The more borrow of funds, the higher fees Aave collects
- The lenders are incentivised with Aave emissions to provide liquidity