Aave (AAVE)

555 Articles 52,941 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.


In The World Of Crypto - 9 February 2025

9 Feb 2025 1 minute read 5 comments Myxoplixx

The crypto landscape is buzzing with developments that could define your trading strategy. CryptoCurious's latest insights gives you a clear view into the market's pulse, essential for anyone navigating this dynamic environment. Overnight, JAILSTOOL...

In The World Of Crypto - 28 January 2025

28 Jan 2025 1 minute read 0 comments Myxoplixx

The crypto landscape is evolving rapidly, with significant developments reshaping the market for investors. Institutional adoption is gaining momentum, as evidenced by Ripple's partnership with Ondo, which is bringing BlackRock treasury products to...

What is AAVE?

27 Jan 2025 1 minute read 0 comments Sea.Farmer

For people new to the crypto space who recently joined because of the meme tokens on Solana, especially the new hype around $TRUMP, AAVE might not be well-known or familiar. In a simpler explanation, AAVE is a decentralised lending app that has been...

Using Aave

27 Jan 2025 4 minute read 2 comments crypto newbie mom

  First posted on https://www.bulbapp.io/   Good morning/evening   What is Aave?   https://aave.com/docs   I have mentioned a few times that I have been using Aave so I thought it would be good to highlight some of the pros and cons of this. I also r...

Is Ethereum at Risk? What Happens If Lido Finance Collapses?

24 Jan 2025 1 minute read 0 comments BreakdownFab

I’ve been thinking a lot about Lido Finance recently and what its success—or failure—means for Ethereum. Did you know they just turned a profit for the first time in four years? $5 million in net income, thanks to Ethereum’s price jumping 67% a few m...

In The World Of Crypto - 23rd January 2025

24 Jan 2025 2 minute read 0 comments Myxoplixx

The crypto market is buzzing with activity, offering traders a mix of opportunities and challenges as institutional moves, AI platform launches, and regulatory shifts reshape the landscape. One of the standout developments is BOTIFY, which recently...

The Official Barron Meme, Well..., Why Not!

20 Jan 2025 3 minute read 6 comments Myxoplixx

There’s a certain irony in finding myself here, fingers poised over the keyboard, penning this confession. For someone who has always prided themselves on a principled and reasoned approach to investing in cryptocurrency, the allure of meme coins ha...

Debate: The TRUMP Meme Coin

19 Jan 2025 4 minute read 5 comments Myxoplixx

The crypto world has been buzzing lately with the launch of TRUMP coin, a new digital currency that mixes political fundraising with crypto investing. This project has caused a huge stir in the crypto community, splitting people into two camps. Some...

In The World Of Crypto - 17th January 2025

18 Jan 2025 1 minute read 2 comments Myxoplixx

  The crypto and DeFi landscape is evolving rapidly, with several exciting developments across various projects and platforms. ZEUS is set to expand its network capacity to 1.5 million after epoch three, offering up to 8x delegation rewards for 360-...

In The World Of Crypto - 10th January 2025

10 Jan 2025 1 minute read 1 comment Myxoplixx

The crypto market continues to experience turbulence as we enter the second week of 2025. BTC is currently trading at $94K, down from its recent high above $100K but showing signs of recovery. ETH stands at $3.2K, having declined 10.48% over the pas...