Aave (AAVE)

494 Articles 44,275 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.


Curve offered hacker 10% to return $70 million

7 Aug 2023 1 minute read 1 comment Stormgain

On 30 July, Curve Finance experienced a hack that could lead to a chain reaction in DeFi. In a week, the outflow of funds from various lending programmes has reached $2.7 billion. Because CRV/ETH, alETH/ETH, msETH/ETH and pETH/ET used the earlier ve...

DeFi Is Over? The Curve Exploit That Could Bring Down the Entire Ecosystem

1 Aug 2023 1 minute read 2 comments Cryptofab

The recent exploit of Curve Finance, one of the largest Ethereum DeFi protocols, has raised serious concerns about the DeFi security. The exploit allowed hackers to drain $52 million worth of assets from the protocol, and it has led to fears that oth...

OpenSea Puts the Brakes on "Staked-Ether" Backed NFT Trading!

20 Jul 2023 1 minute read 1 comment Louky

OpenSea Puts the Brakes on "Staked-Ether" Backed NFT Trading! Hold up, folks! In a bombshell announcement, Ether.Fi got the boot from OpenSea, the mega digital marketplace for NFTs. They launched their own collection of "staked-ether" NFTs, you know...

Aave's GHO is Live! But You Better Understand How Aave Works First!

16 Jul 2023 5 minute read 2 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...

DeFi Heavy Weights Are Pumping! Do They Make Sense in an Average Crypto Portfolio?

15 Jul 2023 5 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...

Aave's Stablecoin, GHO, Is Primed For Launch! Will It Outcompete DAI?

12 Jul 2023 5 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...

Aave cryptocurrencies (AAVE) Analysis

8 Jul 2023 1 minute read 1 comment Ayman Crypto

Hello everybody, & congratulation to all followers who trust my analysis (AAVE) done it well as we predicted in the last article that was on >>> 16 June 2023 (support area) >> (very risky) is not advisable for beginners as we mentioned in the last...

Liquidations 101

6 Jul 2023 4 minute read 1 comment 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...

Why I Dumped Bitcoin Cash (BCH) for AAVE

29 Jun 2023 1 minute read 1 comment Cryptofab

I've been following the crypto market for a while now, and I've learned a few things along the way. One of the most important things I've learned is the famous rule "buy the rumors, sell the news." This means that if you see a cryptocurrency that is...