Latest Posts with Aave (LEND) tag

Aave (LEND)

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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 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 over 15 assets available. 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.

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.


Publish0x Users Rejoice! Ampleforth doubles in price over a few days!

26 Jul 2021 1 minute read 4 comments 3NiGMa

Greetings fellow cryptoheads! Ampleforth is one of the tipping tokens in Publish0x, and has always been a slightly lower-key coin. However, after it's inclusion in Aaves new trading platform, Ampl has skyrocketed over 70% in two days, and over 200% i...

AMPL Becomes 100% Utilized on AAVE in Less Than 24 Hours

25 Jul 2021 3 minute read 1 comment zacharias

25 July 2021:  In less than 24 hours after the official launch of Ampleforth borrowing/lending on the DeFi platform Aave, AMPL reached 100% utilization.  This means that no more AMPL is available for borrowing at this time.  This is a monumental boos...

All you need to know about - AAVE protocol

25 Jul 2021 12 minute read 2 comments Mishal Alexander

Aave? What is it? Is it a crypto trading platform? Can I make money on Aave? Is Aave a trustworthy place to do transactions? If you have any of these questions in your mind, then you are in luck. Because today's topic of discussion is Aave. I strongl...

Index Governance and Updates - Ready for DeFi summer

25 Jul 2021 2 minute read 2 comments PVMihalache

Index Coop is the project where I am active in voting and governance. I made a habit to bring my contribution even if my share is huge. One of the things I appreciate with the #IndexOwl is the high level of snapshots. Every decision that is linked to...

Are they ready to BreakFree yet: Aave & UNI

24 Jul 2021 1 minute read 1 comment Defiant Pathfinder

All crypto has taken a beating when China and Musk issued their statements and Cryptocurrencies and Bitcoin but we all know that news is only a catalyst,m it just speed up the technical analysis processes and respects all the chart patterns. We have...

Ampleforth Protocol Expands with AAVE & MIST Integrations

23 Jul 2021 2 minute read 0 comments zacharias

23 July 2021:  It is finally here.  Not only is Ampleforth multichain across Ethereum, Binance, & Matic, but it is now finally integrated with Aave lending & also Alchemist (MIST).  The integration with Alchemist & what MIST is will be the topic of a...

Aave To Launch Decentralized Twitter Alternative

20 Jul 2021 1 minute read 4 comments egamersio

Aave – the largest De-Fi protocol with a $10.8 billion in total value locked across Ethereum and Polygon – has announced to launch an alternative social media platform to Twitter based on the Ethereum blockchain by the end of this year. According to ...

Aave Founder Announces Plans to Create Twitter on Ethereum this Year

19 Jul 2021 2 minute read 0 comments FxCryptoNews

Stank Kulechov, founder and CEO of Aave, stated that the DeFi platform plans to establish a Twitter alternative on Ethereum this year. Through this platform, users can monetize their content and manage network rules. Kulechov wants Content Creators t...

How Defi Projects Use Chainlink Oracles

13 Jul 2021 3 minute read 8 comments Crypto Adventure

Chainlink is a crypto oracle network introduced in 2017 to provide oracle solutions to the crypto and Defi world. Oracles are tools designed to provide data feeds from the non-blockchain world(off-chain) to the blockchain and smart contract world(on-...

DEFI Storm Is Approaching…

8 Jul 2021 1 minute read 10 comments Nas.A

  Hello to my friends who love life and always smile despite all kinds of negativity. In these days of negative news, Bitcoin is moving in a narrow band. Meanwhile, news about positive developments on the side of Ethereum and DEFI began to come. Let'...