Sirwin
Sirwin

Aave (AAVE)

499 Articles 48,053 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? (29 Nov 2022, Tuesday)

29 Nov 2022 2 minute read 1 comment 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. Interested in our product? It's available for free here -> Coin Metrics Crypto News Sentiment...

$YLD About to Eat $AAVE's Lunch

25 Feb 2021 3 minute read 6 comments kevW!ls0n

Few realize the amount of idle ERC-20 capital just sitting on the sidelines, watching all the Stablecoins, Ether, Wrapped Bitcoin, and “Blue Chip” alts get utilized in DeFi lending platforms like Aave and Compound.  Sure, these assets have a lot of l...

My Short Portfolio - Part #2: The Sandbox (SAND)

19 Jan 2023 1 minute read 3 comments Cryptofab

If you have a few USD on an exchange, you may wonder how to get more. The usual way is to invest in cryptos in which you believe. Another way is to short the cryptos of which the price might decrease. There are several ways to short a crypto. For ins...

How to Use AAVE V3 on Fantom, Polygon, Avalanche, Optimism, Harmony and Arbitrum Chains with Very Low Gas Fees

22 Jul 2022 6 minute read 7 comments Charles Gune

What is AAVE?Aave is a decentralized non-custodial liquidity market protocol where users can participate as depositors or borrowers. Depositors provide liquidity to the market to earn a passive income, while borrowers are able to borrow in an overco...

What types of cryptos are there?

15 Nov 2021 4 minute read 40 comments Austras

All cryptos were built to fill a function. Payment, store of value, apps running on them, earning potential, borrowing, even memes are built on crypto. But there are so many broad and different use cases, I wanted to condense them into one list so it...

Wen Stables?! Checking in On Curve (CRV) and Aave's (AAVE) Native Stablecoin Rollout

20 Oct 2022 7 minute read 1 comment Michael @ CryptoEQ

If you want more cryptocurrency analysis, including full-length research reports, trading signals, and social media sentiment analysis, use the code "Publish0x" when subscribing to CryptoEQ.io to make your first month of CryptoEQ just $10! Or simply...

Using the Lending Efficiently - Kucoin Earnings Keep Rolling

21 Aug 2022 2 minute read 16 comments PVM

Kucoin is working hard to build a better Cryptoverse and I am working hard to create a steady flow of passive income on Kucoin! It's not always the airdrop hunt, or the search for gems... sometimes is using your portfolio to earn more by lending lazy...

Coinbase BuildonBase Ecosystem - Earn by testing on AAVE

5 Mar 2023 3 minute read 8 comments Cryptoray

People are getting crazy with this new launch, why? cos is there a high % chance of getting a great drop. Hunters, Degens, and many more are entering as numbers not lie. Let me explain a bit and start the post.   If you know about & want to go direct...

Maximizing LP fees for RAI pools for advanced users

20 Nov 2021 3 minute read 0 comments Dspyt

To maximize the fees for liquidity providers we separated the article into three sections: choosing liquidity pools on Uniswap V3, obtaining tokens for the best liquidity pair using Aave V2 and Fuse Pools as well as configuring settings to provide th...

Decentralized Finance Which Fought their way UP

30 May 2021 2 minute read 2 comments Defiant Pathfinder

It is so exciting Seeing how Decentralized Finance (DeFi) fought their way to the top. Its no lie that DeFi is making headlines these days as investors and traders are now much into it. How Did they Manage to Do So Back in the days even up to now inv...