AXE Protocol is a decentralized finance (DeFi) platform designed to facilitate peer-to-peer trading and lending. It aims to create a marketplace where users can borrow and lend assets without relying on traditional intermediaries.The protocol utilizes smart contracts to automate transactions, ensuring transparency and security. This means that the terms of lending and borrowing are coded into the contracts, reducing the need for trust between participants.AXE Protocol also incorporates various features to enhance user experience, such as incentives for liquidity providers and mechanisms to minimize risks. Users can earn rewards by supplying liquidity, while borrowers may benefit from lower interest rates depending on market conditions.Overall, the AXE Protocol seeks to democratize access to financial services, allowing users to retain control over their assets while participating in a global marketplace.