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.


DeFi Adoption Is Spiking Despite Collapsed Prices

12 Nov 2020 2 minute read 3 comments Sapphire

More Than Just Hype It was not too long ago that DeFi projects were enjoying an exclusive bull market. Pretty much any project that was labelled "DeFi" automatically received an invitation to a party of gains. Some pumped, only to collapse completely...

AAVE Breaks Out from Three-Month Resistance Line (TA - 12th of November)

12 Nov 2020 1 minute read 2 comments pheonixdown-dee

The Aave (AAVE) price has broken out from a descending resistance line that’s been in place since hitting a high on Aug 26. Despite the breakout, the price was rejected by an important Fib resistance level and is expected to decrease in the short-ter...

AAVE ...

11 Nov 2020 2 minute read 1 comment Nas.A

  AAVE ...        Aave ( AAVE ) is a transparent and open source DEFI (Decentralized Finance) project on the Etheruem blockchain network in 2017. As Aave ( AAVE ) DeFi, it can lend its users decentralized, without intermediaries and with fixed intere...

CIVIC TOKEN

10 Nov 2020 1 minute read 7 comments Coincobra

Cripto Civic is a wallet that has developed a system to protect and securely store your personal data and your Cryptocurrencies.In the year it was launched - 2017. It sold $ 33 million in tokens. Reaching, in the same year, approximately US $ 1 per...

Binance Defi Crashes More Than 65% as BTC Goes Up

6 Nov 2020 1 minute read 2 comments Jw1

Binance Defi Crashes More Than 65% as BTC Goes Up :   Binance defi has gone more than 60% towards the downside, it was really strong in the early august but as the US presidential election came closer Bitcoin (BTC) started to surge really high and t...

Aave and NFT Collectible Project Axie Infinity Partner in Promotional Campaign

6 Nov 2020 1 minute read 6 comments Abhimanyu Krishnan

Decentralized lending protocol Aave and NFT project Axie Infinity announced a partnership on Nov. 5, with the goal of promoting each other’s platforms to their respective user bases. Aave said that it would sponsor Season 13 of Axie Infinity’s Commu...

What is Wrapped Bitcoin?

5 Nov 2020 1 minute read 0 comments Coincobra

Wrapped Bitcoin is Ethereum's Bitcoin. In fact wBTC is the largest tokenized ERC-20 asset that is currently traded on the Ethereum blockchain. Therefore, it is the version of the BTC in Ethereum in the DeFi ecosystem. This Token is already listed on...

A $50,000,000 Loan with 0 Downpayment | Welcome to DeFi

3 Nov 2020 4 minute read 10 comments Chenhuang_defi

Welcome to DeFi, a place where you can easily take out a $50 million loan with ZERO collateral. How? You can take out an uncollateralized loan of any size as long as you can repay it in the same transaction. Confused? Let's dig deeper. SourceOn 26 O...

Aave (LEND) Protocol Enters Critical Stage

1 Nov 2020 1 minute read 3 comments Cryptofivers

Aave (LEND) community could be celebrating but this could be the most critical moment as the platform governance rights changes hands. Now the community has the power to decide which direction the lending outfit takes. This comes at a time when the p...

Lending, a Category of Active Inclusion

1 Nov 2020 1 minute read 0 comments alquimista1501

It is always good to remember the benefits that decentralized finance (DeFi) has contributed throughout this year. Since this period is an interesting period to remember in our history, the great contribution that this cryptographic branch has had in...