Sirwin
Sirwin

Aave (AAVE)

496 Articles 47,045 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.


It's all the rage

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...

When Life Gives You $40... in Bitcoin!

3 Jun 2023 3 minute read 16 comments ⚡ Daniela ⚡

Overexcitement and Bonuses Galore: My Journey with Uphold   I can't contain my excitement as I recount my recent experience with Uphold, the not so popular shitcoin casino. I believe that more popular casinos are Binance, Coinbase, Kraken or Kucoin,...

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...

⭐🌷BYDFi Exchange: A Comprehensive Guide to Its Features, Benefits, and 3rd Anniversary Celebration 2🌷✨💫

23 Apr 2023 8 minute read 7 comments Selena Rose

  🌷Happy 3rd Anniversary BYDFi!🌷 🌕BYDFi, known as BitYard, is a crypto trading platform established in 2020 with a unique vision of "BUIDL Your Dream Finance." The intentional misspelling of "Build" highlights the company's belief in the signific...

⭐🌷BYDFi Exchange: A Comprehensive Guide to Its Features, Benefits, and 3rd Anniversary Celebration 1🌷✨💫

22 Apr 2023 2 minute read 7 comments Selena Rose

  🌷Happy 3rd Anniversary BYDFi!🌷 🌕Introduction:🌷  BYDFi Exchange (www.bydfi.com) is a prominent cryptocurrency exchange that has gained traction in digital asset trading. As the exchange celebrates its 3rd Anniversary, its unique features and of...

AAVE Realistic Price for 2023. Watch this before invest In AAVE

16 Apr 2023 1 minute read 0 comments Crypto4light

Welcome to our YouTube video on AAVE coin price analysis for 2023! In this video, we'll dive into the potential price trends and predictions for AAVE (AAVE) in the upcoming year. Using historical price data, technical analysis, and market trends, we'...

🌕Gauntlet warns of potential cbETH liquidation risk on Aave due to a single large wallet holding a leveraged position using cbETH as collateral♨️📣

10 Apr 2023 1 minute read 0 comments Selena Rose

  🌕The convoluted machinations of the financial world have once again caused a stir. A well-heeled trader on the Aave platform has utilized cbETH as collateral to borrow almost $39 million worth of ETH. But this move is with risk. A sharp 9% drop i...

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...

What Happens to DeFi Today ? (15 Mar 2023, Wednesday)

15 Mar 2023 3 minute read 3 comments quantdoge

“What happens to DeFi today?” is a crypto news curator that curates high-quality and insightful DeFi news for you daily. Here are the news for you today. If you would like to read and analyse the news here over an interactive user interface, please c...

What Happens to DeFi Today ? (14 Mar 2023, Tuesday)

14 Mar 2023 4 minute read 2 comments quantdoge

“What happens to DeFi today?” is a crypto news curator that curates high-quality and insightful DeFi news for you daily. Here are the news for you today. If you would like to read and analyse the news here over an interactive user interface, please c...