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.


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...

Bitcoin turns 12, happy birthday!

1 Nov 2020 2 minute read 4 comments Roberto D.

It has been 12 years since, on 31 October 2008, Satoshi Nakamoto published the famous manifesto (whitepaper) in which he spoke of a new completely electronic money. It was the beginning of Bitcoin. The first block was generated on January 3, 2009, wh...

Aave’s Community Takes Control of Governance

29 Oct 2020 1 minute read 0 comments Abhimanyu Krishnan

Decentralized lending platform Aave (AAVE) announced on October 28 that it has handed over the protocol’s admin keys to the community, a major step in the path towards full decentralization. The Aave team handed over the admin keys to community gove...

Interesting Market Cycle

28 Oct 2020 1 minute read 0 comments belemo

I'm pretty sure that everyone else has noticed the weekday to weekend trend that virtually all cryptocurrencies in the market have been following. I'm a long term hodler, rather than a day trader, so I generally avoid the Swift buys and sells, h...

We do not trust them ... remembering Libra

26 Oct 2020 2 minute read 3 comments alquimista1501

It is always good to remember some things within the cryptographic world. Even though this environment is not really more than 15 years old in the public space, many of the olive initiatives are relevant at this moment to be able to evaluate points o...

USDT GO TO OVERTAKE ETHER

19 Oct 2020 1 minute read 0 comments Coincobra

Hello 🤑 Recently, some websites and experts have said that Tether will soon be overcome in market capitalization  by Ethereum.This means that after Bitcoin it will be the most traded in the cryptocurrency market. And the best with all the stability p...

DEXTOKEN LEARNING AND EARNING

18 Oct 2020 1 minute read 0 comments Coincobra

    What is Dextoken (DEXG) ? It is a protocol that implements the DeFi ecosystem, still under construction, with the speculative tool AMM. AUTOMATED MARKET MAKER. What is AMM? It is a speculative tool that automatically evaluates and determines th...

Institutions Load up On Crypto, Next Comes the Herd; Flamingo.Finance $FLM, $BZRX, $AAVE, $UMA, $KAVA

16 Oct 2020 1 minute read 6 comments Aware1

  Over the past couple of months, there have been several notable Bitcoin purchases made by large funds and well-known companies such as Square. In my opinion, this is only the beginning of a trend that will be the driving force behind the next wave...

DeFi Pulse Introduces Safety Rating Metric

14 Oct 2020 1 minute read 1 comment Abhimanyu Krishnan

DeFi data platform DeFi Pulse has launched a new safety rating metric in partnership with digital asset modeling platform Gauntlet, according to an announcement made on October 14. DeFi Pulse and Gauntlet launched the alpha version “Economic Safety...

DeFi: Went Down the Rabbit Hole... Happily Ever After?!

13 Oct 2020 5 minute read 6 comments tomoyan

I don't know how many people did this but I went down the hole couple weeks ago 👇 DeFi: Went Down the Rabbit Hole and Look What I Found ($50?!) And this is the result... which was supposed to be announced LAST WEEK. Rabbit Hole was working on improve...