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.


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26 Aug 2020 2 minute read 3 comments Heruvim78

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26 Aug 2020 1 minute read 0 comments alberdioni8406

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26 Aug 2020 2 minute read 2 comments bobby d!gital

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25 Aug 2020 1 minute read 0 comments Abhimanyu Krishnan

DeFi lending and borrowing protocol Aave (LEND) has received an Electronic Money Institutional (EMI) license from the UK Financial Conduct Authority (FCA), according to a listing on the FCA website. The license is the same one that Coinbase and Revol...

Aave Now Has the Highest TVL, Almost Tripling Since the Start of August

25 Aug 2020 1 minute read 0 comments Abhimanyu Krishnan

Decentralized lending and borrowing platform Aave (LEND) has nearly tripled the total value locked in the protocol since the start of August, according to DeFi data platform from DeFiPulse. Aave has overtaken Maker in terms of the total value locked...

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25 Aug 2020 1 minute read 2 comments Cryptofivers

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24 Aug 2020 1 minute read 1 comment Abhimanyu Krishnan

The founder of decentralized lending platform Aave (LEND), Stani Kulechov, made an interesting proposition to Elon Musk via Twitter on August 21, telling him that he would one day like to see cars be used as collateral to borrow USD Coin (USDC). Kul...

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23 Aug 2020 1 minute read 1 comment Andann427

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19 Aug 2020 1 minute read 0 comments HAMZA-1997

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