Sirwin
Sirwin

Aave (AAVE)

499 Articles 48,001 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 ? (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 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...

What does ChatGPT have to say about Cardano?

1 Mar 2023 2 minute read 9 comments ADA Crunch

ChatGPT is a complex language model created by OpenAI, a renowned artificial intelligence research group. It is built on the GPT (Generative Pre-trained Transformer) architecture, which employs deep learning techniques to comprehend and generate nat...

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...

3 Altcoins To Keep Tabs On - AAVE, UNI, CRV | KuCoin Weekly Review Issue #6

26 Jan 2021 2 minute read 14 comments KuCoin Blog

Bitcoin’s price has been on a roller coaster over the last week. According to the moves of KuCoin’s BTC/USDT trading pair, Bitcoin fell to as low as $28,856 on January 22, and picked up to $33,814 within the following 24 hours. Over the same period,...

Summary of the top 50 coins

4 Sep 2021 11 minute read 67 comments Austras

Here I'll summarize and go over the main use cases and how these coins/tokens operate. I did the effort of digging through info to summarize them so you don't have to. But do DYOR if you plan on investing any of these coins/tokens. Top 51-100 coins h...

Where to Put Your ETH & Stablecoins to Make You Money While You Sleep?

13 Oct 2020 6 minute read 29 comments Chenhuang_defi

Unlike the banking world, cryptocurrency platforms offer you quite lucrative returns on any deposits that you put inside a specific protocol.Typically, you would be lucky if a bank would provide you with an interest rate above 0.5% in today’s climate...

Maximize your Crypto Profit by Using Correlation - A beginner guide

6 Dec 2021 3 minute read 9 comments SocioCrypto

Correlation is the fundamental concept and indispensable measure in statistical analyses which has a broad range of applications in diverse businesses and industries. The aim of this short blog post is to describe how correlation can be used in crypt...

What is a DAO in Crypto?

7 Jun 2022 3 minute read 2 comments GetBlock

The ‘DAO’ is a concept based on blockchain technology, which eliminates the need for a central governing authority. Recently, DAOs have been getting quite a lot of attention from developers. Let’s try to explain what having a DAO means in the crypto...

PHOTOGRAPHY, PHILANTHROPY, CRYPTO, & NFTS? A CHAT WITH MIKE RUIZ

23 Sep 2022 14 minute read 2 comments davidcash888

  https://www.youtube.com/watch?v=Qg3b2kG3XKo   DC: For anyone living under a rock, who are you and what brings you to this space? MR: First off, thank you so much for having me, I’m happy to be here. You actually brought me into this digital space...