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.


Going Long (or Short) with Aave

7 May 2021 3 minute read 1 comment RockHoward

In my recent log post about Aave I introduced the idea of borrowing for profit. In Play #1 I mapped out a safe and sure method to enhance interest earned. Today we take a look at how to leverage Aave (pun intended), to achieve various purposes by tak...

AAVE – Open Source DeFi Protocol Explained

7 May 2021 4 minute read 2 comments RelyOnCrypto

In 2017, AAVE, which is now one of the most common lending protocols in Decentralized Finance, was developed. Before the rebranding in September 2018, the project was known as ETHLend, which was founded by Stani Kulechov in Finland. Stani found Ether...

Decentralized Finance and Token scams

7 May 2021 1 minute read 2 comments Defiant Pathfinder

In this technological era we live in if you want to succeed in the business and investment field, you have to find the problem and then you create and offer solution. That s the ethnics of business. So in the current world we in the problem is everyt...

It Pays to Borrow on Aave

7 May 2021 7 minute read 2 comments RockHoward

Today we start looking at the Aave Lending Dapp and we will go over the first real DeFi play from my playbook. This is a great time to try Aave as special promotions grant extra rewards to dapp users making it easy to goose your returns. You can even...

Is Coin Staking and Farming entirely Safe?

6 May 2021 1 minute read 6 comments Defiant Pathfinder

Token staking and farming are trending these days. With crypto currencies like Bitcoin, Proof of Work is used and miners are rewarded for each block mined but on Tokens Proof of stake is used and investors are rewarded for staking their tokens to pro...

How To Be a Crypto Millionire Starting With 100$

6 May 2021 2 minute read 14 comments Saikot

Yesterday, I was watching a youtube video from my favorite Youtuber's channel. The title was the same as this article. I saw the video again; I repeat the video to understand the summary properly.  The compound is like a wonder of our world. If one...

Derived Markets and Turning Profits with Aavegotchi

6 May 2021 5 minute read 0 comments Andrew Fleming

*This article is part 2 of "Why Don't You Own an Aavegotchi?" **For a thorough summary of Aavegotchi, please see the Aavegotchi Wiki and AavegotchiStats. As a refresher from the former article, I stated: Generally, the most successful cryptocurrenc...

How to efficiently trade AAVE Contract Trading on Bityard

5 May 2021 3 minute read 2 comments PVMihalache

Aave is an open source and non-custodial liquidity protocol for earning interest on deposits and borrowing assets. The Aave ecosystem is powered by the AAVE ERC-20 token and is organized as a decentralized non-custodial money market protocol. The AAV...

Clash of The Titans in the Crypto Market

5 May 2021 1 minute read 1 comment Defiant Pathfinder

There is a saying which says whatever goes up must come down, that is what happening in the crypto market right now. A lot of crypto cryptos were bullish but the majority now seem to be losing steem and they are starting to fall sad the bears are cha...

DeFi resurgence lifts Maker, Aave and Compound cost to new highs

4 May 2021 2 minute read 0 comments BlaZZ

As Ethereum revitalized to new highs, the absolute worth secured different DeFi stages flooded above $10 billion, lifting MKR, AAVE and COMP toward new unsurpassed highs. Dissecting the action on loaning stages can here and there be utilized as a gau...