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 Reaches $300M in Flash Loans Issuance

1 Sep 2020 1 minute read 0 comments Abhimanyu Krishnan

Decentralized lending and borrowing platform Aave (LEND) has hit a new milestone, crossing $300 million in flash loans on August 30, according to Aave tracker Aavewatch. A flash loan worth $14 million executed on August 29, with trend of an overall...

What is AAVE (LEND)? Will We Go Towards Mass Adoption?

29 Aug 2020 2 minute read 0 comments ☑️0🆇D̺͈͙͕̿ͧ̑ͣ🅰🆅🅸🅳eͤ

🅰🅰🆅🅴 is a London-based company founded in 2018. The company's goal is to solve some problems arising from centralized markets such as PayPal, Skrill and Coinbase. Their main product is Aave Protocol, an open source, non-custodial protocol based on th...

DeFi Tops $7B

27 Aug 2020 1 minute read 1 comment Abhimanyu Krishnan

The Total Value Locked in (TVL) in the DeFi space has crossed $7 billion on August 27, showing no signs of stopping as several new protocols, data aggregators and yield farming platforms emerge. Already experiencing healthy growth in early 2020, the...

27.08.2020 - Another day into Cryptoverse

26 Aug 2020 2 minute read 3 comments Heruvim78

  Polkadot entered in the Top10 after decreasing x100 is currently ranked #6. The value increased spectacularly from 3 to 6 USD. Just sold my Ampleforth and bought Polkadot instead. Is that bad? Is that good? The future will tell me.  Ethereum go...

MFT (Mainframe) privacy centered fixed rate crypto lending

26 Aug 2020 1 minute read 0 comments Andann427

(MFT) Mainframe with its backing of Edward Snowden’s freedom of the press association, backing from venture capitalists, shapeshifts Eric Voorhees, Ethereums Gavin Woods, and Zilliqa’s Xinshu Dong creates quite a resume of notable supporters. With a...

Aave dethroned MakerDAO in Total Value Locked with more than $1.44B available for Lending.

26 Aug 2020 1 minute read 0 comments alberdioni8406

Aave protocol have dethroned MakerDAO in Total Value Locked (TVL) in funds from customers for borrow and lending purposes. Accordingly with data supplied by DeFi Pulse the protocol have more than $1.44B locked in assets and is the second protocol...

Yielding Multiple Streams of Income with Defi

26 Aug 2020 2 minute read 2 comments bobby d!gital

Control your destiny or someone else will. This resonates deeply. Especially with this social economic paradigm shift that is taking place as I write.  If you haven't read any of my previous articles, you may want to.  I am attempting to hone my writ...

Aave's New Licence is the Same One Coinbase and Revolut Use

25 Aug 2020 1 minute read 0 comments Abhimanyu Krishnan

DeFi lending and borrowing protocol Aave (LEND) has received an Electronic Money Institutional (EMI) license from the UK Financial Conduct Authority (FCA), according to a listing on the FCA website. The license is the same one that Coinbase and Revol...

Aave Now Has the Highest TVL, Almost Tripling Since the Start of August

25 Aug 2020 1 minute read 0 comments Abhimanyu Krishnan

Decentralized lending and borrowing platform Aave (LEND) has nearly tripled the total value locked in the protocol since the start of August, according to DeFi data platform from DeFiPulse. Aave has overtaken Maker in terms of the total value locked...

3 Investor Must Have DeFi Tokens in 2020 and Beyond

25 Aug 2020 1 minute read 2 comments Cryptofivers

Are you ready to jump into DeFi token investing? Well time is ripe to get involved in the Decentralized Finance investment. A quick look at the charts shows that the demand on the sector is on the rise. An early dive into DeFi is a good decision to d...