Aave (AAVE)

492 Articles 44,890 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.


BTC, LINK, AAVE and BNB | Chart Analysis | Going Up, But Be Carefull.. | 29 OCT

29 Oct 2022 1 minute read 0 comments Joao16

For more content like this tip me if you can! thank u :)   BTC Analysis Bitcoin was being squeezed by 19K support against EMA56, because of that 3 days ago BTC broke above EMA56 and is now tying to go up but has been rejecting EMA99. At this point i...

What Happens To DeFi Today? (28 Oct 2022, Friday)

28 Oct 2022 1 minute read 0 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. Recently, we have just launched a news sentiment analysis tool that utilizes machine learning,...

What Happens To DeFi Today? (27 Oct 2022, Thursday)

27 Oct 2022 2 minute read 0 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. Recently, we have just launched a news sentiment analysis tool that utilizes machine learnin...

WEEKLY PRICE DIGEST: BTC, ETH, CSPR, EGLD & AAVE

21 Oct 2022 1 minute read 0 comments SimpleLearn

  Another boring week for the crypto market has passed. Prices for most assets continue to slide down and renew their lows, while interest in BTC has fallen to 2020 levels according to Google Trend. BTC During the week, Bitcoin continues to consolid...

Biggest DeFi Hack Ever - Aave To Be Exploited?

21 Oct 2022 1 minute read 2 comments Cryptofab

The guy who recently hacked Mango Markets on Solana warned Aave could be hacked too: Although it requires a lot of funds to organize such an attack, it concretely means that the biggest lending protocol, with a TVL of several billions USD, could be...

What Happens To DeFi Today? (20 Oct 2022, Thursday)

21 Oct 2022 3 minute read 0 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. Recently, we have just launched a news sentiment analysis tool that utilizes machine learning,...

My Favourite NFT Artists: The Krista Kim Interview - Ethereum to the Metaverse

20 Oct 2022 9 minute read 1 comment davidcash888

Welcome back to my latest series, where I highlight my favourite artists in the NFT space via interviews filmed during industry events. Today I’m joined with the incredible Krista Kim; a contemporary artist, founder of the Techism Movement, and a dea...

Wen Stables?! Checking in On Curve (CRV) and Aave's (AAVE) Native Stablecoin Rollout

20 Oct 2022 7 minute read 1 comment Michael @ CryptoEQ

If you want more cryptocurrency analysis, including full-length research reports, trading signals, and social media sentiment analysis, use the code "Publish0x" when subscribing to CryptoEQ.io to make your first month of CryptoEQ just $10! Or simply...

What Happens To DeFi Today? (19 Oct 2022, Wednesday)

19 Oct 2022 3 minute read 1 comment 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. Recently, we have just launched a news sentiment analysis tool that utilizes machine learning,...

What Happens To DeFi Today? (18 Oct 2022, Tuesday)

18 Oct 2022 2 minute read 0 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. Recently, we have just launched a news sentiment analysis tool that utilizes machine learning,...