Sirwin
Sirwin

Aave (AAVE)

499 Articles 48,005 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.


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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...

Aave's Stablecoin, GHO, Is Primed For Launch! Will It Outcompete DAI?

12 Jul 2023 5 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 $20/month you can upgrade to our FULL library of 50+ reports (including this one) and complete industry-leading ana...

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14 Jun 2023 1 minute read 0 comments Louky

Hey there, buddy! I know you've been itching to know what's up with Bitcoin's price in 2023. It's all the rage, and let's be honest, it can be a bit mind-boggling. But fear not, my friend, I'll break it down for you and spill the beans on a few ways...

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1 Aug 2023 1 minute read 2 comments Cryptofab

The recent exploit of Curve Finance, one of the largest Ethereum DeFi protocols, has raised serious concerns about the DeFi security. The exploit allowed hackers to drain $52 million worth of assets from the protocol, and it has led to fears that oth...

Will The Market Still Value Governance Tokens During the Next Bull Market? UNI Fee Switch

14 Jun 2023 8 minute read 2 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 $20/month you can upgrade to our FULL library of 50+ reports (including this one) and complete industry-leading ana...

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7 Aug 2023 1 minute read 1 comment Stormgain

On 30 July, Curve Finance experienced a hack that could lead to a chain reaction in DeFi. In a week, the outflow of funds from various lending programmes has reached $2.7 billion. Because CRV/ETH, alETH/ETH, msETH/ETH and pETH/ET used the earlier ve...

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10 Aug 2023 1 minute read 7 comments Cryptofab

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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

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Aave Cryptocurrency (AAVE) Analysis

11 Feb 2023 1 minute read 0 comments Ayman Crypto

As we know, the Aave Cryptocurrency (AAVE) has a high historical price of $ 668.00 was in May 2021 then went into the grand bearish as most Cryptocurrencies did & it fell to the low price of $ 45.60 in June 2022. (AAVE) is trading at the moment in a...

How BTC Whales Big a Big Splash and Move Markets

8 Aug 2022 2 minute read 4 comments Allen Taylor

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