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.


Aave Carries Out First Credit Delegation Transaction

7 Aug 2020 1 minute read 0 comments Abhi K

On August 6, decentralized lending and borrowing platform Aave (LEND) processed its first credit delegation transaction. The credit delegation feature provides trusted uncollateralized to users. A line of credit of $500,000 was offered to DEX Devers...

DeFI Diaries#1- AAVE: Why is it Getting so Popular?

4 Aug 2020 2 minute read 3 comments SamBTC

Recently I had been focusing a lot on the different CeFI (Centralized Finance) platforms like Nexo, Crypto.com and Celsius. I found several advantages that these CeFI platforms offered compared to DeFI ones. Advantages of CeFI over DeFI #1 Steady Int...

31.07.20202 - End of July - News from the block and chain

31 Jul 2020 3 minute read 0 comments Heruvim78

Gas fees - they are higher than ever, and now is indeed a good day to be a farmer, if you have a mining farm (with proper rigs, mining Ethereum is more lucrative than ever, even better than 2017, when ETH used to be $1400).  Elrond mainnet was launc...

Aave Introduces Aavenomics, Its Tokenomics Upgrade Proposal

30 Jul 2020 1 minute read 2 comments Abhi K

Decentralized lending and borrowing platform Aave (LEND) announced a major update for its protocol on July 29. Called Aavenomics, the upgrade will see current native token LEND converted to AAVE at a 100:1 ratio, among other changes. Saying that Aav...

Is It Too Late To Catch AAVE DeFi Lend Token After Surge? Watch Bullish Reversal Move For Next Rally

26 Jul 2020 2 minute read 0 comments moon333

Hey, friends hope you are well and welcome to the new update on Aave token. This token has surged more than 2100% since after November 2019. If we place the simple moving averages with the time period of 25,50,100 and 200 and move back to Nov 2019 th...

For All Things DeFI - Follow These Crypto Twitter Accounts

25 Jul 2020 1 minute read 12 comments Bragato18

Decentralised Finance (DeFi) is all the rage in the Cryptoverse. So here are 9 Crypto Twitter accounts worth following if you would like to keep updated on what is happening in DeFi. #1 Camila Russo @CamiRusso Chiefess at Defiant News, a DeFi news...

The 10 best DeFi Tokens in 2020

19 Jul 2020 1 minute read 0 comments Overmind

Q2 was DeFi Season  äextremely DeFined and centralized by DeFi tokens. The price return (PR) of 4 out 5 DeFi tokens was higher than any other of the Big 5  crypto currencies. Here, i show you the best 10 performing DeFi tokens. Image Source: https:/...

Aave Launches New Features and Listings

17 Jul 2020 4 minute read 12 comments Aave

  The Aave team has been hard at work to provide new features and assets in the protocol for the Aave Fam! As always, synergies within the ecosystem and brand new functionalities are on the menu this week. We’re happy to introduce new risk parameter...

DeFi Index On FTX At All Time Highs!

17 Jul 2020 2 minute read 1 comment Sapphire

Spreading The Risk In one of my recent posts "FTX And Their New DeFi Index - Gain Exposure To The Top 11 DeFi Projects!", I made mention of the benefits of investing in an index when it comes to a new asset class such as DeFi. We had a look at the ne...

Aave Adds Support for Enjin and REN, and Brings Fiat Onramps

17 Jul 2020 1 minute read 0 comments Abhi K

On July 17, DeFi lending and borrowing platform Aave (LEND) announced several new changes to its platform, including listing the Enjin (ENJ) and Ren (REN) assets. In addition, it has introduced fiat onramps and updates to its risk parameters.  The a...