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.


WHAT IS AAVE ABOUT?

4 May 2021 3 minute read 0 comments PorshDan

When I saw AAVE, the first thing that came in mind was African American Vernacular English which is not grammatical in standard English. Occasionally as (Ebonics), simply as Black English (BE), is the variety if English natively spoken, particularly...

Why Don't You Own an Aavegotchi?

3 May 2021 3 minute read 4 comments Andrew Fleming

First and foremost, what is an Aavegotchi? An Aavegotchi is simply an NFT piggy bank that earns interest. Relative to DeFi, I suppose that's not the most exciting thing. Did I mention that Aavegotchis are pixelated ghosts? I hope that piqued your int...

Is Binance Smart Chain the Best for DeFi & Smart Contracts as Compared to Ethereum Chain?

2 May 2021 1 minute read 2 comments Defiant Pathfinder

As it is said no idea is original. It obvious someone might come up with something then somebody else might take that something and perfect it in every way he could trying by all means to get rid of all the bottlenecks  so than he can have a well cra...

Sin Eater -> Virtue Nibbler AAVE Transition Experiment: Update 1

2 May 2021 2 minute read 0 comments Average Jo

I know I said weekly updates... but! One of those pesky credit cards requires a payment so I decided to break my LTV rule and send $1000 to start the paydown process (and get them off my back!) while the gas fees remain super low and ETH appears poi...

Top 4 Decentralized Finance Tokens with a Brighter Future

1 May 2021 2 minute read 1 comment Defiant Pathfinder

Altcoins has dominated the Crypto currencies market for a decade now but the tables seem to be turning now as there is another challenger in the ring. Decentralized Finance (DeFi) Tokens re now making headlines and the rate of  adoption is overwhelmi...

Sin Eater -> Virtue Nibbler AAVE Transition Experiment

1 May 2021 1 minute read 2 comments Average Jo

Stage 1 (Fiat Debt Reduction) As part of my transformation from Sin Eater to Virtue Nibbler, I plan to lock it down with an AAVE experiment. For the purposes of this experiment, consider the Sin Eater as the one caught in Fiatville and the Virtue Ni...

Catching the rise in Polygon, the first useable Layer 2 solution on Ethereum

28 Apr 2021 2 minute read 2 comments Chris Chen

If you’ve been following the top 50 coins by market cap, you might have seen the rise of MATIC (Polygon network tokens). From mid march to a few days ago, it’s been stuck between $0.2 and $0.4 but in the last couple days it's shot up to $0.7, what’s...

Decentralised Finance

23 Apr 2021 3 minute read 1 comment jag28

Decentralised Finance, commonly referred to DeFi, is a branch of the cryptocurrency space geared towards providing open alternatives to the financial services we have in everyday life. The aim is to increase accessibility for services such as loans,...

Aave will launch solution for the high transaction fees of the Ethereum network

3 Apr 2021 1 minute read 6 comments Simplify Crypto

The DeFi Aave platform has developed a second layer solution for Ethereum Polygon. With the project underway, Aave intends to solve the problem of congestion and high rates on the Ethereum network. The announcement was made in an article on the Polyg...

Bypassing Ethereum Network Congestion (AAVE/POLYGON)

1 Apr 2021 1 minute read 1 comment kev_nag

Currently there is approximately $43 billion locked in DeFi lending protocols. AAVE is the third largest in this DeFi sector, with both retail and institutional customers, and has a market size of approximately $5.41 billion. Being built on ETHEREUM,...