Sirwin
Sirwin

Aave (AAVE)

495 Articles 46,832 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.


Onchain Lending Is Evolving! A Look at the Top New Projects

28 Mar 2024 5 minute read 1 comment Michael @ CryptoEQ

You are reading an excerpt from our free but shortened abridged report! While still packed with incredible research and data, for just $40/month you can upgrade to our FULL library of 60+ reports (including this one) and complete industry-leading ana...

The Attack On Curve Finance: What Happened? Bad Debit In DeFi?

6 Aug 2023 7 minute read 13 comments ☑️0🆇D̺͈͙͕̿ͧ̑ͣ🅰🆅🅸🅳eͤ

As you know Curve Finance has had several problems in the last few days. The worst seems to be over, however let's see what happened, also to better understand the risks of DeFi. On July 30, 2023, a hacker exploited the vulnerability of some Curve po...

Leverage DeFi Lending and Borrowing to Ditch Your Bank and Grow Your Stack!

24 Oct 2023 6 minute read 34 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...

DeFi 101: Liquidations

19 Feb 2024 4 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 60+ reports (including this one) and complete industry-leading ana...

DeFi 101: Understanding CDPs and Borrowing

5 Dec 2023 5 minute read 10 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...

Introduction to Web3

7 Jan 2024 1 minute read 4 comments Ether Crunch

To understand Web3, the previous versions of it must first be discussed. These include Web 2 and Web 1. Web 1:Web 1 was first created in 1989 and was in place from 1990 to 2004. This refers to the first stage of the World Wide Web, characteriz...

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...

5 Crypto Trends To Watch In 2024

9 Dec 2023 1 minute read 16 comments Cryptofab

I recently watched an awesome AMA with Stef Wynendaele, VP of Market-Making at Keyrock, a leading liquidity provider in the crypto space. During the AMA, Stef shared some cool insights into the latest trends shaping the future of crypto. Here's a run...

DeFi 102: Onchain Lending's Evolution

12 Mar 2024 9 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 60+ reports (including this one) and complete industry-leading ana...

DeFi 102: The Role of Liquidity and Liquidity Pools in DeFi

6 Feb 2024 4 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...