Bolide Banner

Aave (AAVE)

377 Articles 20,305 Followers

Aave is a decentralizing lending and borrowing platform. Key features of the platform include flash loans, which are uncollateralized loans where borrowing and repayment occur in the same transaction; credit delegation, trusted uncollateralized loans; and borrowing and lending capabilities typical of decentralized lending platforms.

Aave was founded in November 2017 by CEO Stani Kulechov, who has described the goal of the platform as being “to build financial products that people need, while also having some fun.” Aave launched as ETHLend, but rebranded to its current form in September 2018. As ETHLend, it raised $600,000 in Ether in November 2017. The team consists of 19 members coming from a diverse background.

The platform’s native governance token AAVE (previously it was LEND), which also gives its holders discounts on network fees. Compared to other platforms of its kind, Aave has listed a comparatively greater number of assets against which loans can be issued, with a multitude of assets available, including offers on layer 2 Ethereum chains like Polygon. This in combination with its flash loan feature has made it a popular choice for borrowing and has contributed to its quick growth in 2020 and 2021.

The rate switching feature allows users to switch between fixed and variable rates, allowing users to pick the most profitable interest rates. Aave’s credit delegation allows users to borrow funds with no collateral provided and is the pioneer of this mechanism in DeFi space. The team has recommended that users only enter into this agreement with users they trust, and Aave is working on an insurance fund to protect funds in the event any issues may occur.

Aave launched on the Ethereum (ETH) mainnet on January 9, 2020. While most technical updates have been completed, the team has stated that they will research and develop new features going into the future.


What Happens To DeFi Today? (04 Oct 2022, Tuesday)

4 Oct 2022 3 minute read 0 comments quantdoge

"What happens to DeFi today?" is a crypto news curator that curates high-quality and insightful DeFi news for you daily. Here are the news for you today. Recently, we have just launched a news sentiment analysis tool that utilizes machine learning,...

What Happens To DeFi Today? (03 Oct 2022, Monday)

3 Oct 2022 2 minute read 0 comments quantdoge

  "What happens to DeFi today?" is a crypto news curator that curates high-quality and insightful DeFi news for you daily. Here are the news for you today. Recently, we have just launched a news sentiment analysis tool that utilizes machine learnin...

What Happens To DeFi Today? (30 Sep 2022, Friday)

30 Sep 2022 3 minute read 0 comments quantdoge

"What happens to DeFi Tokens today?" is a crypto news curator that curates high-quality and insightful DeFi news for you daily.Here are the news for you today. Recently, we have just launched a news sentiment analysis tool that utilizes machine lea...

What Happens To DeFi Today? (29 Sep 2022, Thursday)

29 Sep 2022 2 minute read 0 comments quantdoge

  "What happens to DeFi Tokens today?" is a crypto news curator that curates high-quality and insightful DeFi news for you daily.Here are the news for you today. Recently, we have just launched a news sentiment analysis tool that utilizes machine l...

What Happens To DeFi Today? (28 Sep 2022, Wednesday)

28 Sep 2022 4 minute read 0 comments quantdoge

"What happens to DeFi Tokens today?" is a crypto news curator that curates high-quality and insightful DeFi news for you daily.Here are the news for you today. Recently, we have just launched a news sentiment analysis tool that utilizes machine lea...

BitBuzz Interviewed by David Cash [Part 2] Crypto History, NFTs, Mana, ETH, and more!

27 Sep 2022 16 minute read 0 comments davidcash888

In Part 1, Steve Wand, AKA BitBuzz, discussed the beginnings of the crypto space with me,  covering everything from Bitcoin and Crypto Art to Rare Pepes and CryptoKitties. If you haven’t yet, read or watch through Part 1 here. If you’re already caugh...

What Happens To DeFi Today? (27 Sep 2022, Tuesday)

27 Sep 2022 4 minute read 0 comments quantdoge

"What happens to DeFi Tokens today?" is a crypto news curator that curates high-quality and insightful DeFi news for you daily.Here are the news for you today. CHAINLINK (LINK) Current Price: $ 8.34 (24h Changes: 10.51 %) Current Market Cap: $ 4,09...

Darkblock Announces New Publishing App for Web3, Decentralized Protocols for Unlockable Content for Crypto Users

25 Sep 2022 1 minute read 0 comments davidcash888

Introducing Darkblock, a cutting-edge Web3 tool for creating unlockable content.  This week the Darkblock team announced a new version of their publishing app, just in time to be featured at NFT.NYC. A Darkblock is an unlockable add-on for an NFT sto...

How To Short Tether (USDT)

25 Sep 2022 1 minute read 9 comments Cryptofab

There are many articles about the potential issues which could affect Tether (USDT). Further to Terra's UST crash, USDT had even started to depeg from USD. There are regularly some questions about the real reserves backing USDT. Well, all that stuff...

BitBuzz Interviewed by David Cash: Crypto Genesis Days, Eth, Bitcoin, Mana, NFTs, & More [Part 1]

23 Sep 2022 14 minute read 0 comments davidcash888

  David: We are here with Steve Wand, aka BitBuzz, a legend in the NFT space. I want to talk about some of the projects that you’re currently working on, your history in the space, and a little bit about your NFT collection and what’s exciting you th...