Latest Posts with Aave (LEND) tag

Aave (LEND)

248 Articles 20,715 Followers

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 (AAVE) Is Completing 205% Potential Bullish Setup By Forming Shark Move

13 Dec 2020 1 minute read 1 comment moon333

On the daily time period chart, the price action of Aave (AAVE) is completing the final leg of bullish Shark and soon it will be entered in the potential reversal zone. At this time price action is breaking down 100 SMA and on on breaking down 200 SM...

The crypto that are growing faster than Bitcoin!

9 Dec 2020 1 minute read 2 comments Roberto D.

According to many, the path of Bitcoin is unrepeatable. Yet in recent months, the prince cryptocurrency has lagged far behind other virtual currencies. Let's go briefly to see what they are. There are cryptocurrencies that are growing faster than Bit...

Maker Governance Community to Vote on Adding AAVE and Uniswap LP tokens as Collateral

8 Dec 2020 1 minute read 0 comments Abhimanyu Krishnan

The Maker Governance Facilitator added proposals to support AAVE and Uniswap LP tokens as collateral for generating DAI, according to a blog post published on Dec. 7. The three assets are under consideration are AAVE, and the Uniswap V2 DAI- ETH and...

Polarity.Exchange wallet support for LEND/AAVE swap

6 Dec 2020 1 minute read 0 comments Samurai6

Polarity.Exchange is going to support the LEND to AAVE token migration directly on-chain and in your wallet on December 12, 2020. "AAVE token is the new governance token of the Aave Protocol, so migrating from LEND to AAVE allows you to participate i...

Do You Know TRUST WALLET?

4 Dec 2020 1 minute read 8 comments Coincobra

Trust is Binance's official wallet but unlike Binance itself it works only as a mobile application. that is, if you want to take a look at your instances on a conventional desktop computer you won't be able to. Trust Wallet has good options for crypt...

Aave Protocol V2 Launches on Mainnet

4 Dec 2020 1 minute read 3 comments Abhimanyu Krishnan

The Aave (AAVE) protocol launched its V2 upgrade on the mainnet, the team announced in a blog post published on Dec. 3. Aave V2 brings several new features, including yield and collateral swaps, upgrades to flash loans, collateral repayments, native...

The Aave Protocol V2

4 Dec 2020 6 minute read 8 comments Aave

It’s the moment we’ve all been waiting for… V2 of the Aave Protocol on mainnet! The Aave Protocol V1 launched at the beginning of this year, with the goal of unlocking value in DeFi and improving the user experience. The protocol quickly grew to over...

Aaves' Cave

30 Nov 2020 1 minute read 0 comments Luckymercy

         Okay it's official, I don't know much about cryptocurrency because I'm new to this crypto thingy. So I decided I'm going to task myself to learn the basics of at least coin or token a day.  Either existing or newcomers. Today I opted to lear...

5 Facts About use Bitcoin PayPal

30 Nov 2020 1 minute read 7 comments Coincobra

  Fact 1 On October 21 it was announced by PayPal that from the beginning of next year, 2021, this giant company will accept payments through cryptocurrencies Bitcoin, Bitcoin cash, Ethereum and Litecoin. Fact 2 PayPal has a partnership with approx...

AAVE, The Shining Star Of The DEFI Market...

29 Nov 2020 1 minute read 1 comment Nas.A

  AAVE, The Shining Star Of The DEFI Market...        I gave information about AAVE in my article dated 11 November. I will talk about the developments in the past time. I will also make an important reminder.      AAVE is one of the most important p...