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.


What alts do I trade?

5 Apr 2020 2 minute read 2 comments MadMaxx

Ever since I put up my telegram username for someone to contact me, I've gotten a fair few questions about what alts I'm trading. I have created this post to give that information out to everyone who wishes to know.  Now I won't be giving ALL of the...

How One Hacker Made Over $11 Million in Minutes Through This New DeFi Trick!

29 Apr 2023 1 minute read 0 comments IAmFaishal_

"Stop everything and read this- a DeFi hack that minted over 1 quadrillion Yearn Tether (yUSDT) from just $10,000!?!" Yep, you read that right! Blockchain security firm PeckShield reported that an attacker was able to pull off this feat recently. Not...

Decentralized Money Markets and Multi-Pool Borrowing

9 Sep 2022 1 minute read 0 comments InsideCrypto

Hi everyone, we are back with another episode of our podcast allowing you to get to know people working behind the scenes of the crypto industry. Today we catch up with Pranjal Prashar, the Founder of Paxo Finance. Paxo Finance is a decentralized, se...

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...

CODING TUTORIAL - Building Your Own Cryptocurrency on the Ethereum Network: A Epic Step-by-Step Guide [ PART 2]

16 Jun 2023 3 minute read 0 comments Louky

Yo, my crypto-savvy buddies! If you have not read the part one of my first tutorial click me   Are you ready for the second part of this mind-blowing tutorial? We're about to dive even deeper into the world of creating your own cryptocurrency on the...

Why I Dumped Bitcoin Cash (BCH) for AAVE

29 Jun 2023 1 minute read 1 comment Cryptofab

I've been following the crypto market for a while now, and I've learned a few things along the way. One of the most important things I've learned is the famous rule "buy the rumors, sell the news." This means that if you see a cryptocurrency that is...

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...

OpenSea Puts the Brakes on "Staked-Ether" Backed NFT Trading!

20 Jul 2023 1 minute read 1 comment Louky

OpenSea Puts the Brakes on "Staked-Ether" Backed NFT Trading! Hold up, folks! In a bombshell announcement, Ether.Fi got the boot from OpenSea, the mega digital marketplace for NFTs. They launched their own collection of "staked-ether" NFTs, you know...

What are Liquid Assets, Liquidity Pools and Aave (AAVE)? Why should you care?

24 Mar 2023 3 minute read 5 comments Great White Snark

After watching a video on the Arbitrum (ARB) Level 2 chain/network (and, more specifically, the Aave grants DAO), I decided to take a look at Aave. The project's documentation (docs.aarve.com) describes it as follows: "Aave is a decentralised non-cu...

Curve Finance hacker agrees to a deal

8 Aug 2023 1 minute read 2 comments Stormgain

Last week, we covered the hack of the Curve decentralised exchange and the risk that put the entire DeFi sector in due to cross-lending. For a quick resolution, the hacker was offered a 10% reward and a waiver of legal claims for returning the stolen...