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.


Ethereum Creeps on All-Time High After Smashing Through $1000 Threshold While Gas Fees Soar; BTC Hit Another All-Time High

6 Jan 2021 1 minute read 2 comments bettercallpaul

Ethereum Creeps on All-Time High After Smashing Through $1000 Threshold While Gas Fees Soar; BTC Hit Another All-Time High Good morning everyone!  Yesterday did not see me complete my normal update due to a doctor's appointment, but I wanted to t...

The BEST Crypto Lending Platforms

5 Jan 2021 1 minute read 0 comments Makingdigital

This year 2021 is going to strongly break into the cryptocurrency market due to the advancement of Dapps and decentralized platforms that act as digital banks to offer instant microloans. We found two types of platforms that offer loans with cryptocu...

Top 5 Cryptocurrency Movers for January 4, 2021

5 Jan 2021 2 minute read 1 comment JakeB

Welcome to “Top 5 Cryptocurrency Movers” where I look at all the major crypto coins on the market and choose the five that made the biggest move (either positive or negative) on this day, explaining my thoughts why the move happened, as well as the h...

AMPL on Aave is a Win-Win for (Almost) Everyone

4 Jan 2021 4 minute read 6 comments Chenhuang_defi

While exploring the cryptoverse I recently stumbled upon this pretty old (in crypto terms) thread on Aave which sparked a snowball of thoughts that I just had to share in this piece. The above thread is a proposal for Aave to support $AMPL as a coll...

CC153 - Discover the Features of AAVE

2 Jan 2021 1 minute read 2 comments Chesatochi

⏰ Time Stamps ⏰ 00:00 Introduction00:45 Aave on CoinGecko01:36 What is Aave07:08 Aave website09:35 Aave DAPP interface Introduction One of the most basic things in the crypto sphere is the ability to make interest with your crypto. Another thing you...

Aave - The token with the highest profit in 2020

31 Dec 2020 1 minute read 0 comments Makingdigital

Aave has been the token that has experienced the most profit in this year 2020.If we look back and look at Aave's behavior at the beginning of January, we can see that the dollar was hovering. A very small price to invest in it. Aave did not attract...

Why I Don't Use the AAVE (LEND) Platform

23 Dec 2020 1 minute read 4 comments Skyfries

  Decentralized Finance has been huge for cryptocurrency.  The evolution from digital decentralized currency to digital compound interest seems like a natural evolution in hindsight and begs the question why it didn't happen sooner.  One of the big p...

Aave Protocol Governance V2 has been activated!

18 Dec 2020 3 minute read 27 comments Aave

The Aave Protocol V2 launched just over a week ago, and has rapidly grown in market size, now reaching over $98M. The V1 → V2 migration tool has not even been released yet (Soon™), so this growth is particularly Aavesome. Last week, there was a gover...

Aave Surpasses $2B in Total Liquidity

17 Dec 2020 1 minute read 1 comment Abhimanyu Krishnan

Decentralized lending protocol Aave (AAVE) has crossed $2 billion in total liquidity, the team announced on Dec. 17. Aave’s current liquidity is roughly $2.02 billion, rising approximately 8% in the last 24 hours The AAVE token has been of the handf...

Coinbase Lists Three New Ethereum Tokens

16 Dec 2020 1 minute read 1 comment CryptoVS

Coinbase Adds Three New Ethereum Tokens :  Aave (AAVE) Bancor (BNT) and Synthetix (SNX) all became available for purchase on Coinbase Tuesday 12/15/20 . Usually we see an upswing in a Tokens price when Coinbase adds them to their marketplace, but thi...