Bolide Banner

Aave (AAVE)

371 Articles 20,302 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.


Decentralized Money Markets and Multi-Pool Borrowing

9 Sep 2022 1 minute read 0 comments InsideCrypto

Hi everyone, we are back with another episode of our podcast allowing you to get to know people working behind the scenes of the crypto industry. Today we catch up with Pranjal Prashar, the Founder of Paxo Finance. Paxo Finance is a decentralized, se...

What does the Ethereum Merge mean for Decentralized Finance (DeFi) platforms like Teller?

9 Sep 2022 6 minute read 0 comments ForestKeeper

Ethereum, the world’s busiest and largest blockchain is going to change its consensus mechanism. The rumor of Ethereum’s switch to Proof of Stake has been circling around the crypto market since 2017 and that’s what makes Ethereum’s Merge the most an...

What Happens To DeFi Today? (08 Sep 2022, Thursday)

8 Sep 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.   CHAINLINK (LINK) Current Price: $ 7.08 (24h Changes: 5.63 %) Current Market Cap: $ 3,313,410,0...

What Happens To DeFi Today? (07 Sep 2022, Wednesday)

7 Sep 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.   CHAINLINK (LINK) Current Price: $ 6.73 (24h Changes: -7.62 %) Current Market Cap: $ 3,136,824,...

What Happens To DeFi Today? (06 Sep 2022, Tuesday)

6 Sep 2022 4 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.   CHAINLINK (LINK) Current Price: $ 7.27 (24h Changes: 1.52 %) Current Market Cap: $ 3,395,454,3...

What Happens To DeFi Today? (04 Sep 2022, Sunday)

4 Sep 2022 2 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. CHAINLINK (LINK) Current Price: $ 6.82 (24h Changes: -1.4 %) Current Market Cap: $ 3,185,772,673...

What Are The Risks of Ethereum Merge?

3 Sep 2022 1 minute read 2 comments Cryptofab

Ethereum (ETH) Merge is quickly approaching. The first step will be only in a few days, on Sept. 6. If you are wondering about the risks, you should read this excellent article that I have put in the references below, at the end of the article. Among...

What Happens To DeFi Today? (3 Sep 2022, Saturday)

3 Sep 2022 2 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. CHAINLINK (LINK) Current Price: $ 6.88 (24h Changes: 1.77 %) Current Market Cap: $ 3,200,895,932...

Next 1xBet inside Solana

31 Aug 2022 5 minute read 0 comments Tikyi Khant

Hello Readers, I have been lately doing researches on  the NFTs projects on Solana and what I can say honestly is I cant follow them all because they grow like mushrooms everyday. Since they are alot,it is hard to differentiate which one is here to s...

What Happens To DeFi Today? (31 Aug 2022, Wednesday)

30 Aug 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.   CHAINLINK (LINK) Current Price: $ 6.64 (24h Changes: 0.5 %) Current Market Cap: $ 3,097,419,65...