Sirwin
Sirwin

Aave (AAVE)

496 Articles 47,047 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.


AAVE Realistic Price for 2023. Watch this before invest In AAVE

16 Apr 2023 1 minute read 0 comments Crypto4light

Welcome to our YouTube video on AAVE coin price analysis for 2023! In this video, we'll dive into the potential price trends and predictions for AAVE (AAVE) in the upcoming year. Using historical price data, technical analysis, and market trends, we'...

🌕Gauntlet warns of potential cbETH liquidation risk on Aave due to a single large wallet holding a leveraged position using cbETH as collateral♨️📣

10 Apr 2023 1 minute read 0 comments Selena Rose

  🌕The convoluted machinations of the financial world have once again caused a stir. A well-heeled trader on the Aave platform has utilized cbETH as collateral to borrow almost $39 million worth of ETH. But this move is with risk. A sharp 9% drop i...

How To Maximize ETH Rewards With Least Risks

27 Feb 2023 1 minute read 4 comments Cryptofab

You earned Ethereum (ETH) by writing or reading on publish0x or decided to buy some, and you have been searching for the best way to maximize your rewards on ETH by investing into staking or DeFi (Decentralized Finance). As you may know, native staki...

Tutorial for blockchain development , Starting Post

15 Jun 2023 2 minute read 1 comment Louky

📢 Buckle up, folks! We're about to dive headfirst into the mind-blowing world of blockchain development! Get ready to ride the crazy wave and become a rockstar in the land of digital currencies! 🚀🔗   Yo, yo, yo! Listen up, my peeps! Today, we're g...

What Happens to DeFi Today ? (15 Mar 2023, Wednesday)

15 Mar 2023 3 minute read 3 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. If you would like to read and analyse the news here over an interactive user interface, please c...

What Happens to DeFi Today ? (14 Mar 2023, Tuesday)

14 Mar 2023 4 minute read 2 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. If you would like to read and analyse the news here over an interactive user interface, please c...

What Are The Most Secure DeFi Protocols On Ethereum?

26 Feb 2023 1 minute read 4 comments Cryptofab

With the recent events regarding Oasis app, the frontend of MakerDAO, which upgraded their smart contract to steal the funds from Wormhole hackers by using Oasis multisig wallet, it can be useful to understand how multisig wallets are used for some o...

Aave cryptocurrencies (AAVE) Analysis

16 Jun 2023 1 minute read 0 comments Ayman Crypto

Watch carefully - AAVE  performance is around the lower magnifying support area which is at $ 45.60 after the grand bearish from the highest price was at $ 668.00. (AAVE) is trading at the moment in the area of $ 49.70 So, AAVE technical indicators s...

What Happens to DeFi Today ? (07 Mar 2023, Tuesday)

8 Mar 2023 4 minute read 3 comments quantdoge

What Happens to DeFi Today ?   “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.   If you would like to read and analyse the news here over an int...

Cryptocurrencies and tokens - They are not the same

29 Dec 2022 4 minute read 4 comments CryptoEntrepreneurs

"In a world as liquid as 'crypto', the borders between 'token' and cryptocurrency are very blurred. The 'token' can be considered as the basic brick behind all digital transactions, from the simplest to the most complex, while cryptocurrency is a 'to...