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: Decentralized Finance Unshackled

27 Nov 2023 1 minute read 0 comments Rhyth

One can say that cryptocurrencies transformed business activities. A true pioneer among the decentralized platforms is called Aave. Started back in the year 2020, Aave has come out to be a front runner in offering loans and debt recovery on the block...

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

24 Oct 2023 6 minute read 9 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...

Are Our Crypto Funds Safe in DeFi? Assessing Risks Like a Pro

6 Nov 2023 1 minute read 2 comments Cryptofab

Picture this: you're scrolling through Binance news, minding your own business, when you stumble upon a headline that sends shivers down your spine – "DNS attack against Frax Finance." Panic sets in as you rush to check your DeFi portfolio, only to d...

DeFi 101: What is a CDP?

11 Oct 2023 6 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...

🌕Crypto.com Forms Strategic Alliance with PayPal to Emerge as the Premier Exchange for PYUSD

29 Sep 2023 1 minute read 0 comments Selena Rose

    🌕In a significant development, Crypto.com, a prominent digital asset exchange, has forged a strategic partnership with a global payments giant, solidifying its position as the preferred exchange for the newly introduced PayPal USD (PYUSD) stabl...

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...

The Next Big Crypto Hack - Curve Finance Hack May Just Be the Tip of the Iceberg

10 Aug 2023 1 minute read 5 comments Cryptofab

This article was first published on Medium. The recent hack of Curve Finance was a major wake-up call for the crypto community. Not only did it result in the loss of $62 million, but it also exposed a vulnerability in the programming language Vyper....

Aave Cryptocurrency (AAVE) Analysis

13 Oct 2023 1 minute read 1 comment Ayman Crypto

Aave Cryptocurrency (AAVE) is one of the most important coins, So let's view our analysis prediction of what could happen depending on technical indicators dedications.   Aave Cryptocurrency (AAVE)  is trading now at the area of $ 63.18 Aave Cryptocu...

Cryptocurrency Radar To Start The Week With Many Options To Generate Profits In Mind

18 Sep 2023 3 minute read 7 comments Rubikkav

AAVE, LINK, Chiliz (CHZ) and other cryptocurrencies are showing signs of recovery amid financial uncertainty. Doubled In A Month Recent news reported that computing power of the Kaspa (Kas) or hashrate is over the last 30 days indicates that on Aug...

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

6 Aug 2023 7 minute read 12 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...