Aave (AAVE)

499 Articles 47,845 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.

Warning: Avoid Getting Scammed on Discord

26 Apr 2020 5 minute read 2 comments Creepto

TL;DR: scammers lurk in support channels, impersonate legit support people, and try to get you to transfer funds to them. Suspect and research anyone who contacts you uninvited. The other day, someone tried scamming me on a Discord support channel. I...

Two Eth-based currencies with great potential

18 Feb 2020 2 minute read 0 comments Roberto D.

The best cryptocurrencies of the moment based on Ethereum   There is also Ethereum among the best cryptocurrencies of February. Thanks to the driving force of Bitcoin, Ethereum, the second cryptocurrency by capitalization level, has also managed to r...

After Taking More Than 168% Bullish Divergence EthLend Has Competed Another Bullish Setup For Upto 33% Bullish Move

3 Jan 2020 1 minute read 0 comments moon333

Recently In Bitcoin's market we have seen the price action of EthLend has taken strong bullish divergence and made more than 168% bullish move in the meanwhile the price action was not giving any chance to traders to enter in trade coz for last 4 day...

Aave Network a Fork Of Aave Protocol -a Decentralized Non-Custodial Liquidity Lending and Borrowing Network

1 Aug 2021 3 minute read 0 comments RalleCrypto

The Fork Of Aave Protocol, Aave Network - An Overview     Aave Network As told from the headline is Aave network a hard fork of Aave Protocol which target the same features as the original Aave, which is a lending and borrowing protocol to earn inter...

Top DeFi Token by Hodlers in July

4 Aug 2022 1 minute read 0 comments

  Top DeFi Token by Hodlers in July   🏆$CAKE №1 with 1.24M holders leading, +0.87%   Largest holders growth: - $AAVE +3.26%. AAVE token price +65.07%.   The only one with All positive data: - $UNI. Also, with the largest token price up in 30 days....

Top Dapps by Trading Volume Jun. 😯 Only 1 Got A Positive Volume Increase.

5 Jul 2022 1 minute read 0 comments

  Dominated by DEX & DeFi dapps. 9/10 saw a sharp volume plunge:Uniswap V3, -23.9%AAVE, -46.25%Pancakeswap -50.79% Only 1 got a trading volume increase:Curve +68.53%, due to $UST $Luna crash. All dapps ranking 👉

DappRadar giveaway - $400 worth of $GHST to 100 lucky winners!

16 Aug 2021 1 minute read 0 comments Royshark

DappRadar is giving away $400 worth of $GHST to 100 lucky winners. Each Aavegotchi is an Ethereum based NFT, which is created using GHST tokens. Users spend GHST to create each Aavegotchi and each Aavegotchi will need to be backed with the interest-b...

Aave Defi will be gone $1 soon before ETH 2.0 .Let's have review

3 Aug 2020 1 minute read 0 comments Kavi

video credit: crypto ride   Aave Defi has recently shown amazing performance in defi market . The price has climbed from $0.05 to $0.315 in last 3 months .it is being traded on many big exchanges like binance ,poloniex ,hitbtc .Let's have quick revi...


27 Mar 2021 1 minute read 0 comments chris04

I have been using Cointiply for a few years and it is the only faucet I still use every day, the others I tried I immediately abandoned after realizing that claiming satoshi from most taps is just a waste of time! Cointiply, in addition to not being...