Aave (AAVE)

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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.

Aave V2 is Available on Public Testnet!

18 Nov 2020 1 minute read 5 comments Aave

  A while ago, the Genesis Team released this plan outlining some features to expect with Aave V2, making finance a more seamless experience. Today, Aave V2 is live on the Kovan testnet, and you can check it out here. Since the beginning o...

Make the most of DeFi, safely

16 Nov 2020 1 minute read 0 comments whattheclap

I've been fiddling around with Ethereum dApps for some time now, trying to find the best ways to grow my holdings. I haven't done everything, but hopefully these suggestions could help you out. 1. Lending cryptocurrency on "money markets" Probably th...

Aave V2 Hits Public Testnet

16 Nov 2020 1 minute read 0 comments Abhimanyu Krishnan

Version 2 of decentralized lending protocol Aave (AAVE) has launched on the public testnet, according to a blog post published on Nov. 11. First announced in Aug. 2020, Aave V2 will bring a host of improvements to the platform, including debt tokeni...

E&S Token Review: Aave

15 Nov 2020 3 minute read 2 comments MikeZillo

In the amazing growth of the various DeFi protocols in the first half of 2020, many new tokens made it into the top 100 by market capitalization. In this new article of my new: “Easy & Short Cryptocurrencies Made Accessible” section, I want to introd...

Polkadot X Ethereum - Giant fight

13 Nov 2020 1 minute read 2 comments Coincobra

Polkadot      Market Rank - 9 Price today (13/11/2020) - $4,45 USDMarket Cap - $3.907.171.844 USDVolume (24h) - $345.006.116 USDCirculating Supply - 877.539.162 DOTTotal Supply - 1.012.344.574 DOT Ethereum Market Rank - 2 Price today (13/11/2020) -...

Lending ...

12 Nov 2020 2 minute read 0 comments Nas.A

  Lending ...        Is it possible to make a profit from cryptocurrencies without trading or swap transactions? Possible… You can profit by lending your crypto coins. As an alternative to trading or saving in a wallet, a lending method has been es...

Aave Launches V2 Of Its Defi Protocol On A Public Testnet

12 Nov 2020 1 minute read 0 comments CryptoBrowser

The Protocol Added Several Significant Improvements And Features Which Are Live For Testing On The Kovan Testnet One of the most popular DeFi lending protocols, Aave, now undergoes its long-awaited v2 upgrade. The first step for the new protocol was...

SUPER RUNNING COIN towards the next step

12 Nov 2020 1 minute read 2 comments Coincobra

Hello people. Do you know the crypto Super Running Coin (SRC)? It is crypto and based on the Ethereum Blockchain. For this reason, it provides security and reliability in financial transactions and can be traded at any time, by anyone and anywhere. M...

DeFi Adoption Is Spiking Despite Collapsed Prices

12 Nov 2020 2 minute read 3 comments Sapphire Crypto

More Than Just Hype It was not too long ago that DeFi projects were enjoying an exclusive bull market. Pretty much any project that was labelled "DeFi" automatically received an invitation to a party of gains. Some pumped, only to collapse completely...

AAVE Breaks Out from Three-Month Resistance Line (TA - 12th of November)

12 Nov 2020 1 minute read 2 comments 0xJonnyDee

The Aave (AAVE) price has broken out from a descending resistance line that’s been in place since hitting a high on Aug 26. Despite the breakout, the price was rejected by an important Fib resistance level and is expected to decrease in the short-ter...