Aave (AAVE)

499 Articles 47,966 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.

Will Aave v4 Be a Game-changer or a Nothing-burger?

21 May 2024 2 minute read 0 comments Michael @ CryptoEQ

You are reading an excerpt from our free but shortened abridged report! While still packed with incredible research and data, for just $40/month you can upgrade to our FULL library of 60+ reports (including this one) and complete industry-leading ana...

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27 Nov 2023 1 minute read 0 comments Rhyth

One can say that cryptocurrencies transformed business activities. A true pioneer among the decentralized platforms is called Aave. Started back in the year 2020, Aave has come out to be a front runner in offering loans and debt recovery on the block...

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20 Jan 2024 2 minute read 6 comments Cryptofab

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7 Aug 2023 1 minute read 1 comment Louky

Hey, my awesome crypto crew! 💸 Buckle up, 'cause we're about to explore the epic world of self-custody! But hold your horses, no need to go all gung-ho like crazy crypto cowboys! 🙅‍♂️ Let's break it down, crypto-style, in a way that's easy peasy. S...

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1 Aug 2023 1 minute read 2 comments Cryptofab

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5 Feb 2024 3 minute read 0 comments Coins Reporter

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20 Jul 2023 1 minute read 1 comment Louky

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Aave cryptocurrencies (AAVE) Analysis

8 Jul 2023 1 minute read 1 comment Ayman Crypto

Hello everybody, & congratulation to all followers who trust my analysis (AAVE) done it well as we predicted in the last article that was on >>> 16 June 2023 (support area) >> (very risky) is not advisable for beginners as we mentioned in the last...